How is money used in everyday life ? Explain with examples. -SST 10th

How is money used in everyday life ? Explain with examples. -SST 10th
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Answer :

1. Money, the primary means of transaction, is of great importance in our everyday life. It is the most accepted mode of carrying out almost every transaction and exchange.  2. Money is used in obtaining the basic necessities of life including food, clothing, and shelter. It is also essential in getting access to services such as education, transportation. healthcare services, sanitation and other means of entertainment. 3. Money forms the basis of almost every transaction and therefore is the basis of business and trade activities. It is thus, the most significant tool that helps in the smooth functioning and growth of the economy.
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