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The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have Oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
What else can I help you with?
What type of money has alternative use as an economic good?
commodity money
The use of money tends to?
Simplify economic transactions.
What is a sentence using economic activity?
people in the map use economic activity to get more money
What does efficiency mean in economics?
In economics, efficiency means the overall use of resources. The overall use of resources can help maximize the production of the goods. In turn, the potential to make more money is there.
How does mild inflation stimulate economic growth?
gives money to governmant to use
What type of money has alternative use as an economic good?
commodity money
The use of money tends to?
Simplify economic transactions.
What is a sentence using economic activity?
people in the map use economic activity to get more money
What is the basis of Okonkwo's economic system?
The Igbo use cowries for money.
What does efficiency mean in economics?
In economics, efficiency means the overall use of resources. The overall use of resources can help maximize the production of the goods. In turn, the potential to make more money is there.
What factors contribute to improving heater efficiency in residential buildings?
Factors that contribute to improving heater efficiency in residential buildings include proper insulation, regular maintenance of the heating system, use of programmable thermostats, sealing air leaks, and ensuring proper ventilation.
How does mild inflation stimulate economic growth?
gives money to governmant to use
Why are you applying for the ups for this position?
I want to work at UPS because I want to use my skills to contribute to the efficiency and quality that defines UPS
What has the author Ian R Smith written?
Ian R. Smith has written: 'Territorial use rights and economic efficiency' -- subject(s): Economic aspects, Economic aspects of Fisheries, Fisheries, Fishery law and legislation
Economic planning in eradication of poverty?
Use the money of poor people to bail out the banks.
What does the federal reserve board use to accelerate economic activity?
Print more money...
What is resource efficiency?
Resource efficiency refers to the sustainable management and utilization of resources to minimize waste and maximize productivity. It involves optimizing the use of materials, energy, and water throughout the lifecycle of products and services, thereby reducing environmental impact and promoting economic viability. By improving resource efficiency, organizations can lower costs, enhance competitiveness, and contribute to sustainability goals. Ultimately, it aims to achieve more with less, fostering a circular economy and responsible consumption.
