Money is anything that can be accepted as payment for goods and services as well as the repayment of debts. Its main usages are as a medium of exchange, a unit of account and a store of value. Based on the article I had read money is not invented it is simply developed. The term money is believed originated from a temple of Hera, located on Capitoline, one of Rome's seven hills.
In the sense of a medium of exchange, money is both a social and an economic convenience. It makes complicated economic exchanges more convenient and more efficient than if each person had to barter commodities and services directly with other people. Money is an important social institution. A complex society simply could not function without some kind of common medium of exchange.
If money still doesn't exist at this time, what do you think could be our life?
In the sense of a medium of exchange, money is both a social and an economic convenience. It makes complicated economic exchanges more convenient and more efficient than if each person had to barter commodities and services directly with other people. Money is an important social institution. A complex society simply could not function without some kind of common medium of exchange.
If money still doesn't exist at this time, what do you think could be our life?
hello! yah your right, what will we do if money doesn't exists...
ReplyDeletemoney=happiness money=food money=crime money=death
ReplyDeletemoney=everything in the world but not for after life