What is the impact/effect of invention of money to the modern-day entrepreneurship I'm?

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01-10-2021
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What is the impact/effect of invention of money to the modern-day entrepreneurship I'm?

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Shevaughnidn Shevaughnidn · Answer 1 · 2021-10-04T11:33:53+08:00

Answer:

Money soon became an instrument of political control. Taxes could be extracted to support the elite and armies could be raised. However, money could also act as a stabilizing force that fostered nonviolent exchanges of goods, information and services within and between groups.

How did the invention of money change the world?

By making transactions between people and organisations far more efficient, money allowed for the globalisation of our world today. No society could completely sustain itself on its existing resources, and money gave a way for different groups to trade resources.

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