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Arisa [49]
3 years ago
14

Money is what money does discuss​

Business
2 answers:
Anestetic [448]3 years ago
5 0

Money is what money does" is just a misnomer phrase

Money is legal tender and anything generally acceptable as medium of exchange.

DochEvi [55]3 years ago
3 0

Answer:

Money is a concept which we all understand but which is difficult to define in exact terms. Money is anything serving as a medium of exchange. Most definitions of money take 'functions of money' as their starting point. 'Money is that which money does.

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7 0
3 years ago
How does a market economy answer the three economic questions?
love history [14]

Answer:

A market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated.

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In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.

Explanation:

I hope this helps!!

7 0
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