Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Nature and Functions of Money The concept of money is very difficult to define . it is belongs to the category of things which are not amenable to any single definition. It is partly so because in the economy money performs not one but four important functions with each function providing criterion of moneyless and partly because these criteria are satisfied in different degrees by different assets. Since moneyless is at best a matter of degree, it is possible to draw only an arbitrary dividing line between money and other non money assets. Money is only one among many kinds of financial assets which consumers business firms government and other economic units hold in their assets portfolios . however the economists emphasis on money per se is justified because unlike the other financial assets savings deposits , government and corporate bonds money is the essential ingredient in conducting most of the economic transactions in the economy . furthermore, the demand for money ,like that for an input is a derived demand.
Money is a species of a large genus one among the class of things which perform monetary functions in the economy. Some goods perform all the four essential monetary functions act as a unit of account ,m a medium of exchange, a store of value and a standard of deferred payments and no other e.g. paper currency while other goods perform one or more monetary and non monetary functions in the economy. clarifies the position. A is the class of things which perform one or more monetary functions in the economy while B is class of things , included in A which perform all the four monetary functions in the economy .it is easier to understand what money consists of than to give any universally acceptable definition of money. As Harry G. Johnson has rightly stated the definition of money is one of the three unresolved issues sin the monetary theory. Consequently, ecortomists have been in open disagreement on the issue of defining money .
Disadvantages of a Free Economy The free market gives rise to certain inefficiencies called market failures i.e. where the market system fails to provide an optimal allocation
Q. Central characteristics of Simon satisfying behaviour model? The pattern of policy commitments which result from the bargaining process can be seen to be a specification of
Goals of the firm How much is produced by a firm depends on its objectives. A firm which aims to maximise its sales revenue, for example, will generally supply a greater quant
When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Recently, Burton was boasting to some fellow truc
You're standing at three light switches at the bottom of stairs to the attic. Each one corresponds to one of three lights in the attic, but you cannot see the lights from where you
1. According to an article in San Luis Obispo Tribune July 21, 2006 37% of the college freshman and 48% of the college seniors carry a credit balance from month to month. Suppose
distinguish between industry demand and firm company demand
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu
Development of Transportation and Marketing Facilitates: The expansion of an industry may expedite the development of transportation and marketing facilities that will decrease th
Relationship between AC, AVC, AFC and MC is elucidated graphically by drawing respective cost curves in Figure below. Behaviour of cost curves is elucidated below. Figure:
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd