Wednesday, June 11, 2008

A Barter Economy

In today's crazy society, with so many people who want to jump straight on the fast track to success, it is amazing to me that such a primitive form of trade can still exist in our economy. When I think of bartering, and I am sure many of you do to I think back to that of fur traders and Native Americans; or the old general store owner working with new frontiersmen. However, with the uncertain economy we live in today, many new businesses have been using this same concept to get things for their business, but instead of using money for payment, they in return performs services for the other person or business. This old-fashioned idea has actually stimulated the economy and sprung up new jobs through businesses that deal specifically in matching other businesses to barter together. This in effect keeps jobs alive, by saving these small companies money, they are better able to stay on stable ground, and perform a service to the community. Not only with the goods, they intend to sell, but also by creating jobs for local citizens, who in return spend money at other places who possibility bartered with their employer. This stimulates the economy in an area, which is what all businesses owners are hoping to achieve.

2 comments:

Mackenzie Bishop said...

I believe that bartering is a form of trade that will forever be seen in our society. A school boy might ask a friend to talk to a girl for him in return for an hour of video game lessons, just as the president may pardon a criminal in Kentucky in order to secure a vote needed by that congressman who wanted the man set free.

katiedickson said...

In a completely literal sense, eBay has completely blown bartering to a new level. There are now companies that will take over your bidding, and actually sell your products for you, while still searching and bidding for the products you desire. The job in itself is that of trade. I agree with Mac, that this will always take place in some way, shape or form in our economy.