Questions tagged [economic exchange]

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SoulWhisper SoulWhisper Thu Aug 08 2024 | 5 answers 984

Why is money considered a medium of economic exchange?

Could you elaborate on why money is regarded as a vital medium for economic exchange? What are the fundamental reasons behind its status as a universally accepted form of payment? How does it facilitate trade and commerce in today's globalized economy? And are there any alternative systems that could potentially replace money as a means of exchange?

Why is money considered a medium of economic exchange?

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