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Explain the asset function of money.How …

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Explain the asset function of money.How has it solved the related problem created by barter?

Posted by Abcd Abcd 1 year, 11 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 1 year, 11 months ago

Under the Barter system, it was difficult for the individuals to save, invest or accumulate wealth in terms of commodities. Money overcame this problem as it is neither a perishable commodity nor the value of money depreciates (negligible depreciation due to inflation). Therefore, money facilitates store of wealth.

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