Think About It (Page 234) What are the different ways in which money would make the above situation easier for the farmer? Class 7
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Think About It (Page 234) What are the different ways in which money would make the above situation easier for the farmer? Class 7
What are the different ways in which money would make the above situation easier for the farmer? Class 7
Answer:
Money makes things easier for the farmer in several ways:
- Storage: Unlike wheat, money doesn't spoil or get eaten, so he can keep it for a long time.
- Convenience: He can use money to buy what he needs without carrying heavy bags of wheat.
- Value Comparison: Prices of the goods and services are fixed or making it easier to trade fairly.
- It saves time.
- Deferred Payments: He can pay later if he doesn't have enough money right now.
- He can buy what goods and services he needs from any one of his choice for money.