Concept in Definition ABC

A swap is a exchange of something between two people or two entities. The noun exchange corresponds to the verb exchange. In Spanish, the word exchange is equivalent to exchange, swap or barter.

The general idea of ​​the concept

An exchange is an exchange of something, that is, someone gives one thing and in return gets another. However, this type of operation requires a prior agreement in which the parties agree on the conditions of the change. Thus a friend he makes a trade with another if he lets him his bike in exchange for the friend to give him his ball. In this simple exchange operation, it can be seen that both parties consider that they gain from the exchange, since it would not make sense for only one of the two friends to benefit.

Different ways of understanding the exchange idea

The swap idea is very general and can be implemented in various ways. First of all, barter is probably the first form of exchange. We could say that barter is the first formula of

economic activity and its mechanics are relatively simple: someone offers one thing and receives another in return. However, bartering can be complicated, as it involves finding a reasonable equivalence between two different things. Barter solves simple situations (two apples are exchanged for two oranges), but it is not so valid for other types of equivalences (a partridge cannot mean the same as a hen because it offers eggs and is more profitable than the partridge).

When money replaced barter, the idea of ​​exchange took on a new dimension. Coins have a value and with them it is possible to acquire objects and services. Thus, money in exchange for something is another way of understanding the exchange.

The concept of exchange is part of economic activity in various ways

Many establishments offer the option of returning what has been purchased when the client not satisfied. Discount vouchers are another type of redemption, as well as some promotions or offers.

There is no think that the exchange idea is exclusively economic or material, since in some way we are exchanging feelings, personal interests or ideas. In the simple act of thanking we are already exchanging, because someone offers something and we give them our exchange. gratitude.

What conclusionWe could say that the exchange is part of the human condition. The kids little ones change their toys, we do this because we expect that in return and, ultimately, we give and receive in all aspects of life.

Photos: iStock - SeanShot / D3Damon

Issues in Exchange