No one wants to live their life knowing they owe someone or a creditor money and that this person or creditor can come at any time to repossess their things in order to recover their money. This is certainly not what people have in mind
Most people don’t understand the effects on inflation on their finance. In fact, they will never notice the effects of inflation until it is probably too late to do anything about it. Inflation will generally lower the value of your money as the prices forconsumer
In economics, inflation can be described as a sustained increase in the prices of goods and services in an economy over a period of time. The more the prices rise, the more money loses its value as citizens are able to buy fewer and fewer
In economics, every once in a while we are faced with monetary realism and we find ourselves questioning different factors like where does money get its value from? Or how does society learn to trust these pieces of paper or coins as mediums of exchange?
In economics, the better your knowledge of money, the better your financial perspective will be and with that, your ability to understand how money influences the economy. This becomes important because money is the most basic tool in today’s world as it is at the