Archive | Economy

Read this article to learn about the supply of money in an economy and its components. Supply of Money: Money supply means the total amount of money in an economy. The effective money supply consists mostly of currency and demand deposits. Currency includes all coins and paper money issued by the government and the banks. Bank deposits (payable on demand) [...]

Read this article to learn about the three key benefits of money to ensure smooth working of the economy. 1. Money in a Capitalist Economy: Money has been of great help to consumers as it has given them ready command over goods and services with additional facility of its being divisible into smaller units. It enables them to distribute their [...]