The concept of "Money"
Money serves its primary function as a medium of exchange. Without it we will be forced to barter for everything. Barter economies are highly inefficient as every transactions become unbearably complicated, In the old days, human civilizations tended to barter for food and other everyday necessities. Only until 5000 years ago, in the area of modern day Iraq, the shekel was used as currency. The shekel represented a certain weight of barley equivalent to gold or silver. It eventually became a coin currency (a natural advancement to avoid having to weigh every time). In the same way, the British currency is called the pound because it was originally equivalent to a pound of silver. The first ever banknotes were issued in 7th century China. but it took another 1000 years before paper money was adopted in Europe by Sweden's Stockholms Banco in 1661. Money is a unit of account, a yardstick against which things can be priced, which helps us to judge the value of somethin