Money
By Levi Clancy for Student Reader on
updated
- Social Analysis
- Adam Smith
- Bureaucracy
- Democracy
- Dramatalurgical approach
- Economic Systems
- Five functional requisites of society
- Group
- Marxian Socialism
- Mercantilism
- Money
- Money
- Order and Freedom
- Political complexity
- Political economics
- Self
- Sexism
- Social Contract
- Social bathing
- Socialisation
- Status
- Supply-side vs Demand-side economics
- Surplus value
Money serves three functions: a medium of exchange; a store of value; and a unit of accounting.
Money vs currency
Currency is the money officially used by an administrative unit. There can be in-store currency (arcade tokens) and of course national currency (the United States dollar).