Write an Essay on topic - Digital economy: A leveller or a source of economic inequality
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The social contract between a state and its citizens is a complex thing.In a welfare society citizens by social arrangement give up some of their rights and freedoms to the state or a similar authority, in return for some degree of order and stability that would effectively ensure the protection of their remaining rights and freedoms.
Ever since the disappearance of gold-backed money, worldwide fiat money is entirely built on trust. And that trust is ultimately trust in the issuing authority that it will maintain and continue to recognise the value of what is described as “legal tender”.
Ever since the disappearance of gold-backed money, worldwide fiat money is entirely built on trust. And that trust is ultimately trust in the issuing authority that it will maintain and continue to recognise the value of what is described as “legal tender”.
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