Why People Trade.

Why people Trade

Word Cloud

What comes to mind when you think of trade?

What is Trade?

• Trade is the exchange of goods.

• Trade is the buying and selling of goods for money.

• Exports between countries of the world.

• People trade at markets, in shops, on the internet and the streets.

What people trade.

• Medical

• Education

• Construction

• Transport

• Financial

​Skills and Servesces

• Raw Materials (Primary Products)

• ​Manufactured Goods ( Secondary Products)

Goods

• At first, trade was quite simple. It was the exchange of goods.

• You could offer something to another person who has what you want.

• Trade like this is known as barter or bartering.

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Trade as an exchange of goods

• Around 5000 BCE, metal objects were introduced as money.

• The coins were given a certain value, making it easier to compare the cost of items people wanted.

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Buying and selling of goods for money

Multiple Select

Another name for swap is?

• Baiter

• Pay

• Trade

• Take

Multiple Choice

To barter is to exchange goods without using money.

• False

• True

Multiple Choice

Money makes buying and selling easier because people do not have to carry lots of objects with them to swop for other things.

• True

• False

Multiple Choice

When people sell things for money, they first decide on the price of the item they want to sell it for.

• True

• False. When people sell things for money, they first decide on the value of an item

• False. When people sell things for money, they first decide on the importance of an item.