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Explain theory of money

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Explain theory of money

Posted by Reshmina Rahman 6 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Lovely Dhawan 6 years, 3 months ago

In ancient times...barter system.is adopted in which the commodity is exchanged for commodity..but this system was prove unsuccessful.as the people cannot fulfil their all needs by this system then a universally accepted medium was discovered which was called.money..at first stage of money food grains were accepted as a medium of exchange then the coins of gold silver and other metals were discovered. And after that paper money

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