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Title | Rice as an Early form of Money in the Economic Sense: Satisfying Store of Value, Unit of Account and Medium of Exchange Requirements |
Authors |
Gentle, P.F.
|
ORCID | |
Keywords |
визначення грошей определение денег defining money рис як гроші рис как деньги rice as money історичні приклади грошей исторические примеры денег historic examples of money вимоги до існування грошей требования к деньгам requirements for money to exist |
Type | Article |
Date of Issue | 2021 |
URI | https://essuir.sumdu.edu.ua/handle/123456789/83938 |
Publisher | Sumy State University |
License | Creative Commons Attribution 4.0 International License |
Citation | Gentle, P. F. (2021). Rice as an Early form of Money in the Economic Sense: Satisfying Store of Value, Unit of Account and Medium of Exchange Requirements. SocioEconomic Challenges, 5(1), 89-94. https://doi.org/10.21272/sec.5(1).89-94.2021 |
Abstract |
This article examines the special case of rice in different parts of the World, as it was used for an additional purpose, besides providing for nutritional needs of people. When confidence in a system of currency with coins is present, this more conventional form of money takes precedence. A respected economic form of currency which may include paper and coins or accounts thereof, has all three elements of money: a medium of exchange, a store of value and as a unit of account. In this article, the concept of value includes subjective value, what people have in terms of pleasure and displeasure in regard to owning and seeing a particular object. |
Appears in Collections: |
SocioEconomic Challenges (SEC) |
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File | Size | Format | Downloads |
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Centle_Rice_as_an_Early.pdf | 340.16 kB | Adobe PDF | 50247546 |
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