In this article we will discuss about the difference in views of monetarists and classical economists on money. The monetarists trace the origin of their ideas back to the classical and neo-classical predecessors. They base their analysis on the models developed by J.B. Say and Irving Fisher. However, the monetarists do not accept everything what […]
Difference: Views of Monetarists and Classical Economists on Money
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Money in Economics: Definition, Types, Functions, Characteristics, Importance and Evils | Economics
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In this article we will discuss about:- 1. Evolution of Money 2. Meaning and Definitions of Money 3. Stages in the Evolution 4. Characteristics 5. Classification 6. Modern Forms 7. Importance 8. Value 9. Evils. Evolution of Money: As barter system was an inconvenient method of exchange, people were compelled to select some commodity which […]
The Circular Flow of Money (With Diagram)
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In this article we will discuss about the circular flow of money in an economy. Contents: Circular Flow of Money between Household and Business Sectors Circular Flow of Money with Saving and Investment Circular Flow of Money with Government Sector Circular Flow of Money with the Foreign Sector 1. Circular Flow of Money between Household […]