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21 results for “barter”
Comparing barter with currency trade in Africa, then role-playing both and critiquing fairness. Barter examples and the match-of-wants problem. Social Studies 2.4 Developments in Medium of trade Outcome (a) is to compare…
What a medium of trade is, and how barter worked in African communities using cattle, grain, salt, iron and cowries. People traded in early kingdoms (2.2); slavery (2.3) was trade in persons, which this sub-strand refuse…
Explain how communities exchanged goods by barter and became interdependent. Economic organisation: living from the land and the herd. History and Citizenship 1.2 Political, Economic and Social organisations in Kenya in …
Social Studies Meaning of medium of trade Barter trade in Africa Comparison of barter trade and currency trade in Africa Factors that led to the introduction of money in Africa Impact of the introduction of money in Afri…
…. A farmer with maize who wanted a goat found someone with a goat who wanted maize, and they swapped. This is barter, and it works until it does not. Barter Barter is the direct exchange of goods or services for other go…
…second was enforcement, as naval patrols and treaties closed slave markets. The third stage was the growth of barter and then regular trade in goods. At first Africans exchanged goods for goods; later, money and credit w…
Tracing factors that led to the introduction of money in Africa: distance, barter limits, tax and wage, coastal coins and a standard of value. Comparison of barter and currency. Social Studies 2.4 Developments in Medium …
1. What is a medium of trade? 2. What is barter trade? 3. Give three African examples of goods used in barter, with who might hold each. 4. Why does barter sometimes fail on a long-distance path? Barter as a medium of tr…
Business Studies explain the meaning of money describe the evolution of money from barter state and explain the characteristics of good money describe the functions of money in the economy Role play a barter market and r…
A carpenter wants maize. A farmer with maize wants shoes, not furniture. Name the problem of barter this shows, and explain how money solves it. From barter to money
1. What is barter trade? 2. Give two goods that were traded between communities. 3. Why were communities interdependent? Trade and barter between communities
1. What is currency as a medium of trade? 2. Compare barter and currency on match of wants, storage, distance and trust. 3. Give one African example of a token used as currency before the Kenyan shilling. 4. From a role-…
…are, a school photocopy and an M-Pesa send all name an amount in shillings. Money stores value so we need not barter tomatoes for soap. Cost price and selling price Cost price (CP) is what the trader paid to get the good…
…ple without cash fall behind; theft and forgery; some neighbour ties thin if only cash talks. Mixed reality - barter still lives at the edges. Sustainability means a fair, honest, usable medium, not greed. Resource perso…
… organisations in Kenya in the 20th Century Kenyan communities did not live apart. They met through trade and barter, intermarriage, warfare and raids, and the borrowing of customs. Through such contact they exchanged go…
Of the problems of barter, which do you think was the most serious for a trading community, and why? Give reasons for your choice. From barter to money
Describe iron working, pottery, basketry and wood carving among Kenyan communities. Trade and barter between communities. History and Citizenship 1.2 Political, Economic and Social organisations in Kenya in the 20th Cent…
The qualities good money needs, and the four jobs it does. The previous lesson - you should know why barter failed. Business Studies 1.1 Money Not everything can serve as money. Sand is divisible and portable but far too…
1. What does barter mean? 2. Name two goods that replaced captives on the trade routes. 3. Why did the old trade routes remain after abolition? Early stages of the transition
… for tomatoes and sells them at KSh 520. Name CP and SP for the kiosk. 3. Why do we use money instead of only barter? 4. A learner writes a 50-shilling coin as 50 cents. What is wrong? Buying and selling in Kenyan shilli…
1. How has money transformed trade in Africa? 2. Deduce two helpful and two costly impacts. 3. Why might barter still appear beside the shilling? 4. How can a Grade 7 learner appreciate a medium of trade for sustainabili…