Essay on Money: Meaning, Functions and Role.

Essay on the Definition of Money: Money could be defined as follows: Money is anything that possesses general acceptability as a medium of exchange and a measure of value; and performing all other functions which it should perform for a smooth and orderly functioning of the economic system.

The term money supply is a monetary variable that refers to the quantity of money issued by a country’s monetary authority. It is the total amount of money available in an economy at a particular point in time. An increase in money supply usually results in excess money pursuing few goods and services within the economy, these include stocks.

Classical economics theory: The classical theory of economics dominated in the early 18th and 19th century, laying the basis for many modern economics (William, 2009). Classical economic theory was first proposed to explore the nature and causes of wealth of nations by Adam Smith. Classical theory was the predominant theory in industrialized.

Money in the form of currency notes can be cheaply remitted from one place to another in an insured cover. (vii) Advantageous to Banks: Paper money is of very great advantage to the banks. They can keep their cash reserves against liabilities in this form, for currency notes are full legal tender.

Economics is not just about money. It is about weighing different choices or alternatives. Some of those important choices involve money, but most do not. Most of your daily, monthly, or life choices have nothing to do with money, yet they are still the subject of economics.

Economic policy is, “a course of action that is intended to influence or control the behavior of the economy.”(Economic Policy)These policies are controlled by the government; they tend to make the decisions of the amount of money being by the government spending and taxation, the redistribution of income from rich to poor, and about the supply of money.

Income Inequality. The Story Behind Income Inequality Income inequality is the financial gap between different income brackets, to put it into Lament's terms. No matter what economic system a nation may partake in, economic or income inequality has always been a hot button issue.

Helicopter money is a proposed unconventional monetary policy, sometimes suggested as an alternative to quantitative easing (QE) when the economy is in a liquidity trap (when interest rates near zero and the economy remains in recession).Although the original idea of helicopter money describes central banks making payments directly to individuals, economists have used the term 'helicopter.

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David Hume is known for his philosophical writings, but he also wrote on politics, history, and economics. This eBook contains 7 economic essays which were first published in Hume's Political Discourses (1752) and republished in Essays and Treatises on Several Subjects, Volume 1 (1758, 1777). One essay has been praised by the Nobel-Prize-winning economist, Paul Krugman, who said in his.

The Government's Role in the Economy. Understanding Subsidy Benefit, Cost, and Market Effect. The Short Run vs. the Long Run in Microeconomics. Are Wars Good for the Economy? Good Reasons to Study Economics. Price Elasticity of Demand for Gasoline. All About the Two-Part Tariff. How to Graph and Read the Production Possibilities Frontier.

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