We have seen that money has historically been a commodity which, among other things, differed from other commodities in being demanded mainly as a medium of exchange, although it always had other uses. 1 Economic goods are categorized in two different groups: Consumer goods and producer goods; the former satisfy human needs directly and the latter indirectly.
Mostrando entradas con la etiqueta purchasing power of money. Mostrar todas las entradas
Mostrando entradas con la etiqueta purchasing power of money. Mostrar todas las entradas
We have seen that money has historically been a commodity which, among other things, differed from other commodities in being demanded mainly as a medium of exchange, although it always had other uses. 1 Economic goods are categorized in two different groups: Consumer goods and producer goods; the former satisfy human needs directly and the latter indirectly.
Publicado por
Alejandro Zamorano Escriche
en
17:02
Etiquetas:
Austrian School of Economics and Monetary Theory,
Commodity Money,
consumer goods,
demand and supply of money,
gold,
medium of exchange,
paper money,
price of money,
producer goods,
purchasing power of money
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