ICSE Class 10 Answered
what are 2 demerits of money?
Asked by chaitra_ganesh | 23 Jan, 2020, 04:04: PM
Expert Answer
Hoarding:
In the materialistic world, instead of utilising in productive activities, may start hoarding.This would adversely affect the growth of income, output and employment of the economy.
Instability in the value of money
Instability in the value of money
Another drawback about money is that its value does not remain stable over time. When the value of money falls, it means rise in the price level or inflation. On the contrary, rise in the value of money means fall in the price levels or deflation.
Answered by Christina | 23 Jan, 2020, 04:59: PM
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