Question
General ? do you agree with any point below? If so why? 1. Coin money is made from gold and silver that has a value
General ? do you agree with any point below? If so why?
1. Coin money is made from gold and silver that has a value which can be exchange for any good or service. Moreover, it is invented in order to get rid from the problems like coincidence of want, barter system ,etc.
2. Coin can be store easily and they are also easy to carry from one place to another which makes it more demanding. Likewise, it is non- perishable, can be store for as many years without any fear of damage or spoil.
So, the expansion was important in the history of civilization because the people were facing problem with barter system as it was not working for people any more. Secondly, to solve the issue of coincidence of wants something valuable was needed which can get exchange with any kind of goods or services.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started