Barter, indirect barter

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Indirect barter

Barter

Indirect barter: advantages

Specialisation

Labour productivity

Which means were used as money

Means used as money

Gold and silver coins

Bags of grain

Shells

Jewelry

Salt (not in the clip)

Paper currency (notes)

What would function as money better: coffee beans or fish

1. Coffee beans
2. Fish

What would be a reason for people switching from indirect barter to barter again?

Exercises

Read	Exercises	Check answers
Page 19	2 - 4	Answer sheet
Page 20	5 - 10	Answer sheet

Words to learn:

Barter,  Division of labour, economy of scale, indirect barter, specialisation, labour productivity

Economy of scale

Producing on a large scale

A boat € 1,000 Bate: € 0.10 a fish

1,000 fishes. 

Costprice: € 1,000/ 1,000 = € 1

+ bate € 0.10 = € 1.10

and now he's going to produce a large scale.........

Economy of scale

Purchase a big boat € 10,000 

He catches 20,000 fishes

Bate: € 0.05 (he gets a discount when buying large quantities)

Costprice:

€ 10,000/ 20,000 = € 0.50

+ € 0.05 = € 0.55