HORTICULTURE

HORTICULTURE SCIENCE

PLANT BIOTECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What does the term economics refer to?
A
Health
B
Safety
C
Money
D
Ethics
Explanation: 

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

Detailed explanation-2: -Money is the habitually accepted mode of exchange. In an economy that comprises only one individual, there cannot be any exchange of goods and therefore, there is no part for money. Money is anything that is generally accepted as a means of exchange and at the same time acts as a measure and as a store of value.

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