Question

Difference between primary function and secondary function

Answer 1

Answer:

Explanation:

Primary functions are known as original functions. They are medium exchange and measure of value. Secondary functionsinclude standard of deferred payments, store of value and transfer of value. Contingent functions cover distribution of income, measurement and maximisation of utility.

Answer 2

Primary functions are known as original functions. They are medium exchange and measure of value.

Secondary functions include standard of deferred payments, store of value and transfer of value.

Contingent functions cover distribution of income, measurement and maximisation of utility.

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