Session 1: Pg. 2938 m 20 s
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.