The importance of the money in economy
Money is one of the fundamental inventions of mankind. It has become so important that the modern economy is described as the money economy.
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(Source:google)
The modern economy cannot work without money. Even in the early stages of economic development, the need for exchange arose.
At first, the family or village was a self-sufficient unit. But later on, with the development of agriculture and application of the division of labor
that is, the division of the society into agriculturists, carpenters, merchants, and so on—the need for exchange arose.
Exchange took place first in the form of barter. Barter is the direct exchange of goods for goods. Barter is a system of trading without the use of money.
At first, when the wants of men were few and simple, the barter system worked well. But as days passed by, it was found to be unsuitable. It has many difficulties
Thus, money is a medium of exchange, a measure of value, a store of value, and a standard of deferred payments. Medium of exchange: The most important function of money is that it acts as a medium of exchange. Money is accepted freely in exchange for all other goods. Barter system is very inconvenient
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Sure money has an important role in our lives we can not buy anything without him Thank you so that my sister to your article important and wonderful.
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money is very very important
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good post thank you for information
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Money makes miracles and without it can not be easy life so continued forms of money in the evolution of the method of barter primitive until we got the digital currency in our time and this is evidence of its importance.
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money control the world
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