Credit :Unsplash
Credit :Unsplash
Money allows people to exchange goods and services with one another, facilitating trade and commerce.
Credit :Unsplash
Money serves as a standard of value, allowing people to compare the relative values of different goods and services.
Credit :Unsplash
Money can be saved and used at a later time, allowing people to plan for the future and save for emergencies.
Credit :Unsplash
Money serves as a unit of account, allowing people to quantify and compare the values of different goods and services.
Credit :Unsplash
Money serves as a medium of exchange, allowing people to buy and sell goods and services without having to barter directly.
Credit :Unsplash
Money can be used to make deferred payments, allowing people to borrow and lend money and engage in financial transactions.
Credit :Unsplash
Money allows people to specialize in certain fields and trade with others, leading to increased efficiency and productivity.
Credit :Unsplash
Money reduces transaction costs, as it is easier to exchange money than to barter goods and services directly.
Credit :Unsplash
A stable monetary system can help to promote economic stability and reduce the risk of economic crises.
Credit :Unsplash
Money allows people to move freely between different jobs and locations, increasing economic mobility and opportunity.
Images Credit : Amazon