access the importance of political parties in democracy
why is currency accepted as a medium of exchange ?
Answers
Answer:
Without political parties, electors would have to evaluate every individual candidate in every single election they are eligible to vote in. Instead, parties enable electors to make judgments about a few groups instead of a much larger number of individuals.
Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange because: ... No individual can legally refuse payment in rupees so it is used as a medium of exchange.
As the electorate expanded, the political parties evolved to mobilize the growing mass of voters as the means of political control. Political parties became institutionalized to accomplish this essential task. ... The number of independent or third-party members of Congress or of state legislatures is extremely low.
Answer. Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange because: ... No individual can legally refuse payment in rupees so it is used as a medium of exchange