Hii ni scarce mentality, pesa hazijawahi kuwa chache, pesa ni exchange ya service unayotoa.Ukiona pesa chache ujue huduma unayotoa haijitoshelezi
Wachumi wanakwambia, Quantity of money is less or more equal to the value of goods and services.
Hii ni scarce mentality, pesa hazijawahi kuwa chache, pesa ni exchange ya service unayotoa.Ukiona pesa chache ujue huduma unayotoa haijitoshelezi
Wachumi wanakwambia, Quantity of money is less or more equal to the value of goods and services.
safi sanaa mkuu, naona unaideas na hizi mambo, tunapenda utueleimishe, BOT inajua vipi total goods na serives zilizopo ndani ya nchi yao, ili iwaguide pesa to be printed kuwa less, kidogo kulingana na goods(bidhaa) and services(huduma)
kuna biashara zipo kataika kundi la services mfano mama ntilie, na pia kuna biashara ziko katika kundi la kutoa bidhaa, mfano mafuta, duka la takataka, mazao hizo ni goods na wote hao wafanya biashara wanaotoa services ama goods lengo lao ni kupata fedha, wanaamini kuwa wanachokifanya kitawapa pesa
sasa pesa, inatoka wapi?, na inaenda wapi? kufanya nini?. hapa sijui naomba mkuu unisaidie
umesema ukiona hupati fedha nyingi, maana ake huduma unayotoa haijitoshelezi, sasa unawashauri vipi watanzania huduma watoe kwa staili gani wawe kama MOW dewgi?
ila kuna baadhi nimegoogle some stuffs related to money
How do you define money?
Money is
an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. ... Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange.4 Feb 2021
What is money in simple words?
Money, also sometimes called
currency, can be defined as anything that people use to buy goods and services. Money is what many people receive for selling their own things or services. ... money is also called many other names, like currency or cash. It is also a measurement of activity in small business.
What are the 4 types of money?
Economists identify four main types of money –
commodity, fiat, fiduciary, and commercial. All are very different but have similar functions.
What is money and its importance?
Money is often defined in terms of the three functions or services that it provides.
Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.
What is purpose of money?
Money has three primary functions. It is
a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
What are the 3 functions of money?
To summarize, money has taken many forms through the ages, but money consistently has three functions:
store of value, unit of account, and medium of exchange.
Why do we need money in our life?

The reason money is so important is that
it provides options for you to live a better life that you choose and puts you in control. Having money and being comfortable with finances also gives you freedom and options to decide how you want to live and support the things you care most about in your life.
What if there was no money?
If there was no money people
wouldn't really want to work anymore. They would rather spend time with their friends and family. The reason why many people will stop working is also because they won't really see a reward at the end of the day. And if everyone stopped working, think about what would happen to the world!
Why is money essential for human life?
Beyond the basic needs, money
helps us achieve our life's goals and supports — the things we care about most deeply — family, education, health care, charity, adventure and fun. ... Money can give us the power to make a difference in the lives of others, but not the desire to do so.17 Jan 2010
What are the 2 types of money?

There are two types of money:
commodity money, which is an item used as money, but which also has value from its use as something other than money; and fiat money, which has no intrinsic value, but is declared by a government to be the legal tender of a country.
Can we live without money?
People that choose to live without money, heavily rely upon
the bartering system in exchange for their everyday needs. This includes food, supplies, modes of transportation, and many other things. This is also one way of ensuring that nothing is wasted and people can afford what they need.
How is money work?
Currency makes up just a small amount of the overall money supply, much of which exists as credit money or electronic entries in financial ledgers. While early currency derived its value from the content of precious metal inside of it, today's fiat money is backed entirely
by social agreement and faith in the issuer.
How is money created?
What is the alternative to using money?
Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency. Barters are another type of alternative currency.
What is the nature of money?
The nature of money
results from the economic activity of individuals, acting as to satisfy their needs most thoroughly. Money is a commodity demanded for its relatively higher saleability compared to other commodities, and which thus circulates in the economy as a medium of exchange.
Where does money come from?
Most of the money in our economy is
created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today exists as bank deposits, whilst just 3% is physical cash.
Where do banks get their money from?
Banks must pay interest on
the funds that they collect from savers, which is one of
their main
funding costs. On
the other hand,
banks receive interest from loans that they
make to borrowers and this is a large part of
their revenue. From
the perspective of a
bank:
funding costs are
the interest rates paid to savers.
The Money Creation Process
FIRST,
banks create money when doing their normal business of accepting deposits and making loans. When banks make loans they create money. remember from chapter 12 that money (M1) is currency (coins and bills) AND checkable deposits.