Chapter 3: Money and Inflation

From Barter system to notes and coins!

  • 1 hours of content
  • 1 text
  • 2 PDFs
  • 711+ students
  • Lifetime Access
  • 24x7 support
Ratings
7
Language

English

Details

In today's world, money is at the centre of all economic activities. To satisfy her/his needs an individual requires money to buy goods and services. Money is not only the medium of exchange but it is also used as a store of value. People save money for their future needs.

Human wants are unlimited and a person cannot satisfy all wants by one's own produce. Thus a person tries to satisfy maximum possible wants by way of mutual exchange of goods and services.


Students' feedback

5.0

7
5
7
4
0
3
0
2
0
1
0
4 months ago

4 months ago

4 months ago

5 months ago

5 months ago