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ORIGIN AND ESSENCE OF MONEY

Journal: International Scientific Journal "Internauka" (Vol.2, No. 105)

Publication Date:

Authors : ;

Page : 14-22

Keywords : monetary standard; induced benefit; induced labor;

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Abstract

Direct commodity exchange, having exhausted its potential, gave way to a new form of exchange - random money exchange. The overcoming of the difficulties of direct commodity exchange took place through qualitative changes in exchange relations. Analyzing the new exchange scheme, let us pay attention to the fact that two mediators, a subject and an object, appear here at once. In this case, the mediator - the subject treats the mediator - the object as money. A person's attitude to any object is determined by the properties that are inherent in this object. Consequently, in order to understand the nature of money, it is necessary to reveal their basic properties. Let's highlight eight key features of money.

Last modified: 2021-10-12 23:58:55