Economy, asked by DatBoi, 1 year ago

write one importance of money in economic development.

Answers

Answered by SuperstarPiyush

2

It is this use of money that distinguishes a monetary economy from a barter economy. A monetary economy is one in which goods are sold for money and money is used to buy goods. Money Promotes Productivity and Economic Growth: Barter system was full of difficulties of exchanging goods and services between individuals.

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