The Barter System

What is the barter system?

• When two people trade goods and services directly, without money.

• When you shop on Amazon and buy stuff with money.

• Extra, or surplus.

• When you go to Walmart and trade money for food.

Get what you want or need directly. This is a:

• Pro of the barter system

• Con of the barter system

Not able to travel with. This is a con of:

• The barter system

• Currency

• Surplus

• Specialization of labor

Which is a con of Bartering?

• Unfair trades

• Hard to determine value

• Hard to find someone to trade with

• All of the Above

True or false: You can get rid of what you don't need in the barter system

• True

• False

True or False: You have to be rich to trade in the barter system

• True

• False

Which kind of trade is able to travel better?

• Trade with currency

• Trade with the barter system