ICSE Class 10 Answered
Why
is money considered to be a dynamic factor?
Asked by Topperlearning User | 24 Apr, 2015, 07:31: AM
Expert Answer
Money is considered to be a dynamic factor due to the following reasons:
- Money facilitates exchange beyond limits.
- It facilitates accumulation of wealth for the purpose of investment.
- It facilitates the flow of capital from one place to another within and outside countries.
- It helps in economic stability and promotes the growth of a nation.
Answered by | 24 Apr, 2015, 09:31: AM
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