Economy, asked by rajvaibhav591, 2 months ago

features of modern defination of economics

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Answered by abhinavjha615

Explanation:

There is capital formation on a large scale making provision for the future. Another salient feature of a modern economy is the extensive use of money. Barter, transactions (i.e., buying good with goods) are few and far between. ... But the use of money also breeds booms and depressions.

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