explain the economic functions of money - a unit, Macroeconomics

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explain the economic functions of money - a unit

Explain the Economic functions of money - A unit of account

In a monetary economy, all prices may be expressed in monetary units which everyone may relate to. Without money, prices must be expressed in units of other goods and comparing prices are more difficult. You may find that a grilled chicken costs 2 kilos of cod in one place and 4 kilos of strawberries in another. Finding the cheapest grilled chicken is not easy.

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Macroeconomics: explain the economic functions of money - a unit

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