There are many modes of exchange that are used in the transaction of trade. Many of these exchanges are non-monetarized and are used to gain access to economic goods and services, such as jobs, money, labor contributions from others, or valuable information. These non-monetarized exchanges can be between impersonal transactors, who have no relationship with each other beyond the short term of the exchange. Or be between personalized transactors, who have a long-term relationship that endures past the exchange. Personalized transactions are probably the most common with non-monetary exchanges. This is probably because these kinds of transactions can be taken to the home, where the simplest of transaction can occur. .
Parents and children make personalized transactions all the time. In exchange for good grades, chores, or good behavior a parent will offer gifts, privileges, or one could even say that they give them food and shelter. A good example of this kind of exchange is a transaction of a car from parent to child. This kind of transaction happens quite frequently and has happened in most adolescence lives. Parents usually help in the event of getting their child's first car. .
First of all, within any exchange the persons involved need to put in account the reliability of the other person(s) involved. Will they hold up their end of the bargain? Do they have the resources to give me what I want? They will need to put into account important characteristics of their exchange partner(s). If a child is rebellious and likes to get into trouble and run away. The parents may not want to give their child a car to aid them into getting into more trouble. The parents will put into account if the child is responsible enough to take care of the car. Is the child capable to waste the car once a week put gas in it when necessary, or take it in to receive maintenance? The child will put into account if their parents will be reliable in holding up their end of the bargain.
