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Why is money considered to be a dynamic factor?

Asked by Topperlearning User 24th April 2015, 7:31 AM
Answered by Expert
Answer:

Money is considered to be a dynamic factor due to the following reasons:

  1. Money facilitates exchange beyond limits.
  2. It facilitates accumulation of wealth for the purpose of investment.
  3. It facilitates the flow of capital from one place to another within and outside countries.
  4. It helps in economic stability and promotes the growth of a nation.
Answered by Expert 24th April 2015, 9:31 AM
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