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Money's Role In A Modern Market Economy
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Economic Theories research papers
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5 pages in length. Money, a form of tradable currency and universal article for bartering, is critical to establishing and maintaining a healthy market economy; without its influence, the modern market as we know it would not exist. The fundamental purpose of money is to provide a means by which people can obtain commodities in exchange for currency. While bartering for goods and services has existed since mankind's first trade, the introduction of money proved to establish an entirely new – and some say corrupted – system of exchange. The growing dependency upon money and its inherent economic power has caused society to become unbalanced with regard to distribution, creating a sharp distinction between and among social classes. Bibliography lists 5 sources.
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Pages:
5
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Filename:LM1_TLCmoney.rtf |
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Paper Title:
Money's Role In A Modern Market Economy
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