Economics

Crowther | Money : Best Meaning, Definition


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Money

“Anything that is generally accepted as a means of exchange and which at the same time acts as a measure and store of value.”

Meaning of Money 

Money has a vital part in the country’s economy. Various items such as gold and silver coins were used as money in the past. Bank notes and credit money are now used to pay for goods and services.
Money is one of the most important discoveries of the modern era. It holds a special position in a man’s social and economic life. A man works for money in order to have the best possible comforts. Money is not money in and of itself; it is a means of acquiring wealth, just like other things in the world. Money won’t feed you unless you spend it.

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