Money has macro and micro facets which are both inter-related.
Macro, money is an attempt at representation of the summation of goods/services in the economy, whether current or future.
Micro,
money is trust in future goods/services (conveyed thru a medium like a
customer giving their "private" credit account # to a store for a good
or service)
*If the finance institutions improperly guesstimate
currency supply, there's less trust in the money. If the money medium is
difficult to use, it affects the economy as a whole.
Tuesday, January 13, 2015
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