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Essay / Research Paper Abstract
This 6 page paper looks at the concept of barter, explaining what it is, how it takes place and identifying some examples of its use in modern commerce. The bibliography cites 12 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEbarter.rtf
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Unformatted sample text from the term paper:
the modern world, where one individual may trade goods or skills for other goods or skills that they need. The ideas of
theories such as Adam Smith and Ricardo, the well known economies, used the concept of trading goods as the basis for their theories of international comparative advantage and to explain
how and why international trade takes place. The concept was that some goods were worth more than others and would cost more
than other to produce, so there was a gain to be made if trading partners should exchange the goods, either directly or firm money, that cost them the lest to
make for the goods that would cost them more to make, creating efficiency. This is one manifestation of where there are needs by two parties or more, and that
by working together the needs may not only be met, but met in an efficient manner (Nellis and Parker, 2009). If there were not two coinciding needs there would be
no basis for the barter of the exchange (Nellis and Parker, 2006). There are many forms and examples of barter, one of the oldest known was practices by the
Beacker People, these Germanic peoples of the Neolithic travelled across much of Europe, this is know from the finding of the Beacker-ware, which has been found in many areas where
there was not the unique technology of the time needed to create these artifacts (Cunliffe, 2000). It is believe that the Beaker people travelled and trading their pottery and goods
for the goods that they needed, the remnants are seen by the wide spread of the artifacts found by modern archeologists (Cunliffe, 2000).
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