What makes money worth anything?


felix says precisely have said -- money has value same reason gold or diamonds or has value -- supply , demand.

is, people desire (demand) thing, there constrained supply of it, people have go efforts or trade away other things desire. if money grew on trees wouldn't worth much. , countries have been undisciplined print way of it, , in cases bits of paper , ink did lose value -- hyperinflation.

money may paper , ink, 1 form of paper , ink society accept our medium of exchange -- government issued currency -- scarce , have go efforts acquire it. that's why people work butts off day long more of it.

there's demand medium of exchange. try living year without of it. long supply kept constrained, has value.

what makes money worth @ mean paper , ink why worth mean gold based currency money worth amount of gold makes paper money worth if paper , ink explain me because confussing me


Social Science Economics Next



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