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It serves as a medium of exchange.
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∙ 11y ago
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What is apec?
APEC is an intergovernmental organization that facilitates the economic growth, trade, cooperation and investment. This forum was established in the year 1989.
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What is trade in the economy?
A trade in a economy is what they trade for money.
How did the people of Jamestown earn money and trade?
well they get there money by working but,when they dont get money instead they trade
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Is money a medium of exchange for people to trade things of value?
Yes, money is a generally accepted medium of exchange, which facilitates the trade of things of value, measurable in monetary terms. Those are just two of the functions of money.
What does Container shipping increase?
International trade Actually, thinking about it, more accurately it facilitates trade by making the transport more efficient. It doesn't increase the trade. It services the trade that is there, by increasing its efficiency.
How did the kingdom Ghana facilitates the gold trade despite not having gold mines?
It regulated the trade of gold by taxing merchants who used trade routes that passed through Ghana.
What does currency exchange facilitate?
In the same way that money facilitates exchange in a single economy, exchange of currencies facilitates the exchange of goods and services across the boundaries of countries.
What is apec?
APEC is an intergovernmental organization that facilitates the economic growth, trade, cooperation and investment. This forum was established in the year 1989.
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What is trade in the economy?
A trade in a economy is what they trade for money.
Why did the fur trade trade?
To get money
Form of trade without the use of money?
people will trade and thing for money
Can you trade in a car then get money back?
yes i do think that you can get money back from a trade in!
How did the people of Jamestown earn money and trade?
well they get there money by working but,when they dont get money instead they trade
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
