Money

Money is what people use to purchase goods and services. It can be in the form of cash, coins, or digital payments. Without money, people would have to barter directly, which can be challenging if two individuals don’t want what the other offers. Money serves three key functions: it acts as a medium of exchange, allowing people to trade easily; a unit of account, providing a common measure for valuing goods and services; and a store of value, meaning it maintains its worth over time. Money facilitates trade, supports business growth, and helps manage value in the economy.