explain origin of money
Answers
Answer:
In the earliest days of civilization, goods were exchanged for goods. Money in the beginning was in the form of commodities. ... Crowther defines money “as anything that is generally acceptable as a means of exchange (i.e., as a means of settling debts) and that at the same time acts as a measure and as a store of value”.
Answer:
In this section we provide a brief introduction to the origin of money. Money is one of our most pervasive social institutions, yet it is also one of the most mysterious. Its history is the story of both a technology, an idea, power, and how we organise society. Over the centuries, human societies have developed various means for valuing and exchanging goods and for storing wealth.
As we will show the origin of money involves three different theoretical perspectives money as commodity, state/fiat and credit. To really understand all the aspects of money, one needs to understand the historical relevance and economic implications of each of these views.