ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What is money? Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

Detailed explanation-2: -There are a few money concepts everyone should know by the time they’re 30 if they want to build wealth. Compound interest, bear market and bull market, and diversification are important terms for investors. Net worth, interest, and inflation are good for even non-investors.

Detailed explanation-3: -Money management is an essential skill to help you feel secure about your finances at university and after graduation. Being able to confidently manage your income and expenses will help you reduce financial stress and improve your overall wellbeing.

Detailed explanation-4: -Which do you enjoy more: earning money or spending money? How do you feel after spending a large amount of money? Do you save enough money? How do you prefer to pay for purchases? What was the first job or task you ever received money for? More items