NCERT Question, Class 10, CBSE SOCIAL SCIENCE,
Economics Chapter: 2 UNDERSTANDING ECONOMIC DEVELOPMENT
Question No. 2. Page No. 40
NCERT Solutions for Class 10 Social Science
CBSE Class 10 Economics 2023-2024
Can you think of some examples of goods / services being exchanged or wages being paid through barter?
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1. Goods Barter:
– Example 1: Trading apples for oranges with a friend. You give them some apples, and they give you an equal value of oranges without using money.
– Example 2: Swapping video games with classmates. You exchange one game for another without involving money.
2. Service Barter:
– Example 1: Babysitting in exchange for dog-walking. You offer to babysit your neighbor’s child, and in return, they walk your dog on certain days.
– Example 2: Tutoring in exchange for gardening help. You help someone with their studies, and they help you with gardening chores.
3. Wages in Barter-like Systems:
– Example 1: Instead of receiving money, workers might get tokens or vouchers from their employers that they can use to buy goods at specific stores owned by the company.
– Example 2: In some situations, during economic crises, people might exchange goods or services directly with each other instead of using the devalued local currency for transactions.
These examples illustrate how goods, services, or even wages have been historically and presently exchanged without using traditional money, showcasing the concept of barter.