CBSE Class 12-commerce Answered
When money came into existence, the act of sale and
purchase has been separated. Discuss.
Asked by Topperlearning User | 18 Apr, 2016, 09:06: AM
Expert Answer
In the barter system, the sale and purchase of goods occurs at the same time. To purchase a good, an individual must sell something at the same time which is needed by other person. Also sale and purchase by an individual must be equal value.
After the introduction of money, a person can purchase or sell good with cash without selling or purchasing any good at the same time. Thus, the act of purchase and sale has been separated.
Answered by | 18 Apr, 2016, 11:06: AM
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