The purpose of economy is to circulate the flow of funds between the economic agents i.e. Households, government and industries so that country can survive and boom. Money is a standard medium of exchange which is circulated in an economy to benefit the agents involved in an … Read more
In capital economy, money is the pivot around which all economic activities cluster. Money is an indicator as well as a surveyor of wealth.
Production decisions:
Production has been greatly facilitated by the introduction of money. Money makes possible the accumulation of wealth in those hands which are able to organize the production. The captain … Read more