Role or Importance of Money | Direct, Indirect and non-economic role of money | Part-6 | EK:)
Автор: Enlighten Knowledge
Загружено: 2023-08-07
Просмотров: 1041
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Hello learners,
Welcome to my channel...
This lesson discuss the role or importance of money
Following points are discussed:
Role or Importance of Money
1) Direct role / Importance of money in the field of Economics
i) Role in Consumption
ii) Role in Production
iii) Role in Exchange
iv) Role in Trade
v) Role in Distribution
vi) Role in Public Finance
vii) Capital formation
2) Indirect role / Importance of money in the field of Economics
i) Freedom from Inconvenience of Barter
ii) Solution of Central Economic Problems
iii) Basis of Credit
iv) Index of Economic Development
v) Increase in Mobility of Capital
vi) Incentive for material Development
vii) Measure of Social welfare
viii) National and International Unity
ix) Basis of the stages of Economic Development
x) Division of Labour and extent of market
3) Role / Importance of money in Non-economic Fields
i) Significance in Social Fields
ii) Significance in Political Field
iii) Significance in the field of art
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Facebook page link:
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Thank you!! 😊😊
EK:)
#role
#importance
#direct_role
#indirect_role
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