what is money ?

 

Have you even wondered what make a paper or a digit in a server valuable?

Do you know why we have keep knowledge about money and how it work?

Money is a most necessary thing in every moment we can’t do anything about money

Any we don’t be able to buy or sell anything without money; it’s a main part of our economic system

We work with money and even every activity was linked with money.

·         We explain today

(1)    How to come the concept of money

(2)    What is money

(3)    How to work in ground level

(4)    What is the role of money in economy

(5)    Types of money in now day

 

How to come the concept of money


In ancient time money don’t exist in the form of paper or online digit in this time.

In this time a system was used by ancestor called Barter System it’s meant in this time people trade items directly,

I explain  suppose     assumed we are lost in a island and we assume that it’s take more time to rescue us by the rescue team  but we have to fine food for survival,  after some time you find a fish in the beach of the island  and  I found some fruit from island  but the problem is you are vegetarian so your fish is useless for you now time and I also allergy in this fruit so it’s also useless for me  in that time we exchange our food to each other and we survive . 

Exactly barter system work like that

 

 

What is Money?

Money is a Medium of   exchange the value to each other.

It’s a medium to exchange product and service to each other, a unit of account, and help to measure profit and loses in business. Money allows exchanging any product or service to a person to another easily and efficiently and helping to measure and paying right value.

Money also help in accounting even account based on money, Money provide a common measure to pricing and measuring profit and loses in any product or material.

Money provide a standardization way to the business that can every business can work in proper was and calculate their growth time to time.


How to work in ground level

Money work in ground level to exchange product in retail store and daily need, any product or services. Maintain daily sell and earned profit from this. Maintain credit record

 

                                          What is the role of money in Economy?

The base of economy is money because economy operate on money exchanging process. Money is a main part. Money act as a medium of exchange which is a main part of every trade. A business owner want to trade in a material and customer want to buy  at this moment the customer don’t face any issue to buy it because he can pay this cost using the money.

Types of money in now day

There were two main types of money, Number one Paper format and Number two Digital formats. In India paper format money was issued by RBI , RBI known as money issuing authority of India.

Digital format were various type    

·         Online money bank

·         Digital wallet

·         Crypto Currency

 

Your cash money deposit in bank and you use it on online formal like UPI, Credit card, Debit card

Digital wallet was issue by RBI for convenience of payment.

Crypto currency used block chain base technology and you can trade using this *This is a advance form of exchange value to each other.  

Money is a base of economy...