Advertisements
Advertisements
प्रश्न
How does money help the consumers and producers?
थोडक्यात उत्तर
उत्तर
- Money is very important to the consumers (or households) who use their money income to maximise total satisfaction. For this, they equate marginal utility with price which is measured in terms of money.
- Money helps the producers in deciding quantity of different factors of production to be employed so that profit is maximised.
shaalaa.com
Functions of Money
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
What is inflation?
What is Deflation?
Explain how money acts as a measure of value.
The function of money which allows a person to pay for a commodity at a future date is called as ______.
Which of the following is a contingent function of money?
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Currency Notes | A. | General acceptability |
| (ii) | Demand deposits | B. | Lack of double coincidence of wants |
| (iii) | Feature of money | C. | Legal tender |
| (iv) | Problem of barter exchange | D. | Bank money |
How does money act as a measure of value?
Explain the contingent functions of money.
Explain the secondary functions of money.
Distinguish between limited legal tender and unlimited legal tender.
