UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕
true

Class 11 Tuition > Class 11 Tuition in Delhi > Class 11 Tuition in Hauz Khas > Dr Sachin Vijay Sachin Vijay

Career Avenues Institute Class 11 Tuition institute in Delhi
+1 more

Career Avenues Institute

(6)
(6)
locationImg Hauz Khas, Delhi
students 109 students
Contact
Contact

Details verified of Career Avenues Institute✕

Identity

Education

Know how UrbanPro verifies Tutor details

Identity is verified based on matching the details uploaded by the Tutor with government databases.

Online Classes
Tutor's home
South Delhi's No.1 Institute
(An ISO 9001:2008 Certified Institute)
Imparting Quality Education Since 2004

Coaching Available for -

School Classes :-
Class XI-XII (Science / Commerce / Arts)
Class IX-X & V-VIII (All Subjects)
Junior Wing : Class I - IV (All Subjects)


College Classes :-
B.Com M.Com BBA MBA (All Subjects)
B.Tech B.Sc (All subjects till 7 Sem)

Professional Classes :-
CA CS CMA (Foundation/ Intermediate)

An Elite panel of Faculties headed by-
Dr. Sachin Vijay
Ph.D M.Phil M.Sc M.Tech ( Gold Medalist)
Dept. of Science & Engineering

AND

Dr. Sadhana Sinha
Ph.D M.Phil M.Com MBA (Gold Medalist)
Dept. of Commerce & Management
Anusha

Excellent fraudster, again and again, messaging me to do the admission formalities, calling, and now thinking to block them

Address

C-4

Green Park Extension

Hauz Khas, Delhi, India - 110016

Landmark: Near Green Park Metro Station

Verified Info

Phone Verified

Email Verified

Report this Profile

✕
x

Is this listing inaccurate or duplicate? Any other problem?

Please tell us about the problem and we will fix it.

Please describe the problem that you see in this page.

Type the letters as shown below *

Please enter the letters as show below

Teaches

Class 11 Tuition
1 review
18 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, IGCSE, International Baccalaureate, CBSE, ISC/ICSE, State

Subjects taught

Accounts, Commerce, Accountancy, Chemistry, Biology, Economics, Physics, Business and Management, Mathematics, Statistics, Organisation of Commerce, Computer Science, Business Studies

Class 12 Tuition
27 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, IGCSE, International Baccalaureate, CBSE, ISC/ICSE, State

Subjects taught

Business Studies, Economics, Statistics, Organisation of Commerce, Accounts, English, Mathematics, Physics, Business and Management, Commerce, Accountancy, Chemistry

Class 9 Tuition
2 reviews
5 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, ICSE, IGCSE, CBSE, State, International Baccalaureate

Subjects taught

Hindi, Sanskrit, Commercial Studies, Elements of business, Commercial Applications, Chemistry, Economics, Business Studies, Mathematics, Science, Accountancy, Physics

Class 10 Tuition
18 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, ICSE, IGCSE, CBSE, State, International Baccalaureate

Subjects taught

Physics, Accountancy, Mathematics, Economics, Commercial Applications, Elements of business, Business Studies, Commercial Studies, Chemistry, Economic Application, Science

Class 6 Tuition
1 Student

Class Location

Online class via Zoom

At the Institute

Board

International Baccalaureate, ICSE, State, Cambridge Assessment International Education (CAIE), CBSE

Subjects taught

Science, Chemistry, Hindi, EVS, Biology, Physics, Mathematics, Social science, Computers, English, Sanskrit, Computer Science

Class 7 Tuition

Class Location

Online class via Zoom

At the Institute

Board

International Baccalaureate, ICSE, State, Cambridge Assessment International Education (CAIE), CBSE

Subjects taught

EVS, Sanskrit, Chemistry, Physics, English, Biology, Hindi, Social science, Science, Computers, Mathematics, Computer Science

Class 8 Tuition
1 review
1 Student

Class Location

Online class via Zoom

At the Institute

Board

International Baccalaureate, ICSE, State, Cambridge Assessment International Education (CAIE), CBSE

Subjects taught

Mathematics, Physics, Sanskrit, Social science, Biology, Science, Computers, Hindi, EVS, English, Chemistry, Computer Science

Class I-V Tuition
3 Students

Class Location

Online class via Zoom

At the Institute

Board

Cambridge Assessment International Education (CAIE), CBSE, ICSE, International Baccalaureate, State

Subjects taught

Social studies, Arts, Social Science, EVS, Mathematics, Computer Science, Computers, Sanskrit, English, Hindi, Science

BCA Tuition
4 Students

Class Location

Online class via Zoom

At the Institute

BCA Subject

Microprocessor, Financial Accounting and Management, Computer Architecture, English, Accountancy, Communication Skills , Data structures, Mathematics, Programming in C++ , Database Management Systems , Business Organization , Computer Basics and PC Software , C Language Programming, Algorithm Design , Computer Networks , IT, Operation Research, Data Communication and Networks, Digital Electronics, Data and File Structures

Type of class

Crash Course, Regular Classes

Class strength catered to

One on one/ Private Tutions, Group Classes

BTech Tuition
1 review
2 Students

Class Location

Online class via Zoom

At the Institute

BTech Mechanical subjects

Electro Magnetic Theory, Heat & Mass Transfer, Operations Research, Machine Design, Thermodynamics, Fluid Mechanics, Mechanics of Machines, Mechatronics Engineering, Elasticity & Plasticity, Strength of Materials, Electronic Mesurement & Instrumentation

BTech Electrical & Electronics subjects

Microprocessors, Communication Systems, Data Structures & Algorithms, Control Systems, Electromagnetic Theory, Applications of Digital Signal Processing (DSP), Linear And Nonlinear Systems, Solid State Drives, Measurements & Instrumentation, (Dc- Ac) Direct Current-Alternatiing Current System Interaction, Database Management Systems, Computer Networks, Electrical Circuit Analysis, Analog And Digital Communication, Linear And Digital Control Theory, Signal Processing, Circuit Theory, Power Electronics

BTech Computer Science subjects

Computer Hardware, Design Of Digital Systems, Microprocessors, Data Structures and Algorithms, Bioinformatics, Computer Networks, Data Communication, Database Management Systems, Computer Architecture

BTech Branch

BTech Civil Engineering, BTech Computer Science Engineering, BTech Mechanical Engineering, BTech Electrical & Communication Engineering, BTech 1st Year Engineering, BTech Electrical & Electronics, BTech Mechantronics Engineering

BTech Electrical & Communication subjects

Signals & Circuits Simulation, Semiconductor Device Physics, Analog Signal Processing, Electronic Circuit Design, Digital System Design, Logic Design, Microwave Integrated Circuits, Network Analysis, Consumer Electronics, Data Structures and Algorithms, Optical Fiber Communication, Microcontrollers and Applications, Satellite Communication, Electronic Instrumentation, Digital Image Processing, Power Electronics, Analog Communication, Communication Networks, Digital Electronics, (IC) Integrated Circuit Systems, Processors and Controllers, Digital Communication, Wireless Communication, Electromagnetic Waves, Analog Electronics, Electronic System Design

Type of class

Crash Course, Regular Classes

BTech Mechantronics subjects

Database Management Systems, Digital Integrated Circuits and Applications, Theory of Machines, Linear Control Theory, Digital Signal Processing, Linear Integrated Circuits and Applications, Computer Networks and Communication Protocols, Strength of Materials

Class strength catered to

One on one/ Private Tutions, Group Classes

BTech 1st Year subjects

Mechanics Of Solids, Basic Mechanical Engineering, Environmental Studies, Communication Skills, Basic Electronics, Biology For Engineers, Basic Electrical Technology, Engineering Chemistry, Engineering Graphics, Computer science, Advanced Mathematics (M2), Engineering Physics, Engineering Mathematics (M1)

BTech Civil subjects

Mechanics Of Structure, Concrete Design and Technology, Strength & Mechanics Of Materials, Structural Analysis, Civil Engineering Materials And Construction, Fluid Mechanics, Surveying, Design Of Steel Structures

Engineering Diploma Tuition
1 review
5 Students

Class Location

Online class via Zoom

At the Institute

Engineering Diploma Branch

Engineering Diploma 1st Year, Computer Engineering Diploma, Civil Engineering Diploma, Electrical Engineering Diploma, Electronics, Mechanical Engineering Diploma

Engineering Diploma Subject

English, Engineering Graphics, Basic Physics, Engineering Mathematics, Communication Skills, Basic Math, Basic Chemistry, Computer Fundamentals, Applied Science ( Mechanical & Plastic ), Engineering Mechanics

Mechanical Engineering Diploma Subject

Electrical Engineering, Computer Programming, Fluid Mechanics and Machinery, Power Engineering, Mechanical Engineering Materials, Strength of Materials, Thermal Engineering, Theory of Machines & Mechanisms, Fundamentals of Electronics, Measurements & Control

Computer Engineering Diploma Subject

Applied Mathematics, Basics of C Programming, Computer Hardware and Maintenace, Computer Network, Operating System, Advanced Microprocessor, Computer Graphics, Data Structure Using 'C', Digital Techniques, Microprocessor and Programming

Civil Engineering Diploma Subject

Theory Of Structures, Surveying, Applied Mathematics (CE and ME Group), Mechanics of Structures, Building Construction, Design Of Steel Structures, Design of Structures, Concrete Technology

Type of class

Crash Course, Regular Classes

Class strength catered to

One on one/ Private Tutions, Group Classes

Electrical Engineering Diploma Subject

Principles Of Management And Costing, Electric Circuit Theory, Computer Programming, Basic Electronics, Electrical Machines, Electronic Devices And Logic Circuit, Electrical And Electronics Engineering Material, Power Electronics, Control System Components

BBA Tuition
2 Students

Class Location

Online class via Zoom

At the Institute

BBA Subject

Taxation, Corporate Environment, Fundamentals of Accounting, Cost Accounting, Organizational Behavior, Management Process, India Socio Political Economics System & Current Affairs, Auditing, Strategic Management, International Business, Marketing, Management Accounting, Marketing Management, Entrepreneurial Management, Environmental Management & Corporate Social Responsibility, Financial Management, Mathematics, Quantitative Methods for Business, Corporate Accounting, Human Resource Management, E-Business, Management Information System, Financial Accounting, Business Organization and Environment, Micro and Macro Economics, Business Ethics & Corporate governance, English, Materials Management, Business Research Methods, Statistics, Computer Applications in Business

Type of class

Crash Course, Regular Classes

Class strength catered to

One on one/ Private Tutions, Group Classes

Reviews

4.7 out of 5 6 reviews

Career Avenues Institute https://www.urbanpro.com/assets/new-ui/institute-100X100.png Hauz Khas
4.7056
Career Avenues Institute
A

Class 9 Tuition

"Excellent fraudster, again and again, messaging me to do the admission formalities, calling, and now thinking to block them "

Career Avenues Institute
P

Class 8 Tuition

"Perfect place for the students, nice teachers, safe environment, cab facility, well managed staff. "

Career Avenues Institute
N

Engineering Diploma Tuition

"I found Career avenues as one of the most sincere institute that provides quality in classes that I took.The teaching staff was very proactive, understanding and helpful. "

Career Avenues Institute
V

Class 9 Tuition

"One the best Institute in Delhi, versatile in educational system.Highly qualified faculties and management.Safe and secure place for Children to study. "

Contact

View All Reviews

Have you attended any class with Career Avenues Institute?

Answers by Career Avenues Institute

Answered on 06/03/2018 Learn CBSE - Class 11/Economics +1 Tuition/Class XI-XII Tuition (PUC)

Ask a Question

Post a Lesson

How is money used as a medium of exchange? Explain.

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency. The... ...more

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency.

The use of a medium of exchange allows for greater efficiency in an economy and creates more trade. In a traditional barter system, trade between two parties could only occur if one party had and wanted what the other party had and wanted, and vice versa. But the chances of this occurring at the same time are minimal. Let's say one party had a cow and the other had a lawn mower: with a medium of exchange such as gold coins, all the cow owner would have to do is find a buyer for the cow and she would receive gold coins. Then all she would have to do is find someone selling a lawn mower, which she could purchase with gold coins.

Money enables anyone who has it to participate equally in market. When consumers use it to purchase something, they are essentially making a bid in response to an asking price. That is what brings order and predictability to the marketplace. Producers know what to produce and how much to charge and consumers can plan their budgets around predictable pricing.

When money, as represented by a currency, is no longer viable as a medium of exchange, or its monetary units can no longer be accurately valued, there is no predictability, no ability to plan, no ability to gauge supply and demand. In short, the markets become chaotic. Prices are bid up for fear of scarcity and the unknown, and supply is diminished from hoarding and the inability of producers to replace it quickly enough.

Alternative currencies have been used throughout time as a means to spur commerce or augment a national currency in times of economic duress. In the early 20th century, companies were forced to issue company scrip and other forms of emergency currency in order to pay their workers massive bank failures caused wide-spread cash shortages. The scrip could be redeemed for food and services or held for future redemption in U.S. Dollars when they became available.

Answers 2 Comments
Dislike Bookmark
x

Ask a Question

Please enter your Question

Please select a Tag

Contact

Recomended Profiles

Find Qualified Tutors on UrbanPro for School Tuitions in all subjects

Left
The World Of Concept Of Science & English logo

The World...

New Tutor

Delhi
Leads Academy photo

Leads Academy...

New Tutor

Nagpur
D.P. Mishra photo

D.P. Mishra...

New Tutor

Delhi
Chauhan Institute of Mathematics and Science photo

Chauhan Institute...

New Tutor

Delhi
Deepak Kumar photo

Deepak Kumar...

New Tutor

Delhi
GAURAV DALAL photo

GAURAV DALAL...

New Tutor

Delhi
Aggarwal Classes - Institute Of Education photo

Aggarwal Classes...

New Tutor

Delhi
Aggarwal Classes - Institute Of Education photo

Aggarwal Classes...

New Tutor

Delhi
IOE Innovative Young Creative Minds... photo

IOE Innovative...

New Tutor

Delhi
MD SHAHNAWAZ AZIZ photo

MD SHAHNAWAZ...

New Tutor

Delhi
Right
Find Now

Also have a look at

Learn More

Teaches

Class 11 Tuition
1 review
18 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, IGCSE, International Baccalaureate, CBSE, ISC/ICSE, State

Subjects taught

Accounts, Commerce, Accountancy, Chemistry, Biology, Economics, Physics, Business and Management, Mathematics, Statistics, Organisation of Commerce, Computer Science, Business Studies

Class 12 Tuition
27 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, IGCSE, International Baccalaureate, CBSE, ISC/ICSE, State

Subjects taught

Business Studies, Economics, Statistics, Organisation of Commerce, Accounts, English, Mathematics, Physics, Business and Management, Commerce, Accountancy, Chemistry

Class 9 Tuition
2 reviews
5 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, ICSE, IGCSE, CBSE, State, International Baccalaureate

Subjects taught

Hindi, Sanskrit, Commercial Studies, Elements of business, Commercial Applications, Chemistry, Economics, Business Studies, Mathematics, Science, Accountancy, Physics

Class 10 Tuition
18 Students

Class Location

Online class via Zoom

At the Institute

Board

NIOS, ICSE, IGCSE, CBSE, State, International Baccalaureate

Subjects taught

Physics, Accountancy, Mathematics, Economics, Commercial Applications, Elements of business, Business Studies, Commercial Studies, Chemistry, Economic Application, Science

Class 6 Tuition
1 Student

Class Location

Online class via Zoom

At the Institute

Board

International Baccalaureate, ICSE, State, Cambridge Assessment International Education (CAIE), CBSE

Subjects taught

Science, Chemistry, Hindi, EVS, Biology, Physics, Mathematics, Social science, Computers, English, Sanskrit, Computer Science

Class 7 Tuition

Class Location

Online class via Zoom

At the Institute

Board

International Baccalaureate, ICSE, State, Cambridge Assessment International Education (CAIE), CBSE

Subjects taught

EVS, Sanskrit, Chemistry, Physics, English, Biology, Hindi, Social science, Science, Computers, Mathematics, Computer Science

Class 8 Tuition
1 review
1 Student

Class Location

Online class via Zoom

At the Institute

Board

International Baccalaureate, ICSE, State, Cambridge Assessment International Education (CAIE), CBSE

Subjects taught

Mathematics, Physics, Sanskrit, Social science, Biology, Science, Computers, Hindi, EVS, English, Chemistry, Computer Science

Class I-V Tuition
3 Students

Class Location

Online class via Zoom

At the Institute

Board

Cambridge Assessment International Education (CAIE), CBSE, ICSE, International Baccalaureate, State

Subjects taught

Social studies, Arts, Social Science, EVS, Mathematics, Computer Science, Computers, Sanskrit, English, Hindi, Science

BCA Tuition
4 Students

Class Location

Online class via Zoom

At the Institute

BCA Subject

Microprocessor, Financial Accounting and Management, Computer Architecture, English, Accountancy, Communication Skills , Data structures, Mathematics, Programming in C++ , Database Management Systems , Business Organization , Computer Basics and PC Software , C Language Programming, Algorithm Design , Computer Networks , IT, Operation Research, Data Communication and Networks, Digital Electronics, Data and File Structures

Type of class

Crash Course, Regular Classes

Class strength catered to

One on one/ Private Tutions, Group Classes

BTech Tuition
1 review
2 Students

Class Location

Online class via Zoom

At the Institute

BTech Mechanical subjects

Electro Magnetic Theory, Heat & Mass Transfer, Operations Research, Machine Design, Thermodynamics, Fluid Mechanics, Mechanics of Machines, Mechatronics Engineering, Elasticity & Plasticity, Strength of Materials, Electronic Mesurement & Instrumentation

BTech Electrical & Electronics subjects

Microprocessors, Communication Systems, Data Structures & Algorithms, Control Systems, Electromagnetic Theory, Applications of Digital Signal Processing (DSP), Linear And Nonlinear Systems, Solid State Drives, Measurements & Instrumentation, (Dc- Ac) Direct Current-Alternatiing Current System Interaction, Database Management Systems, Computer Networks, Electrical Circuit Analysis, Analog And Digital Communication, Linear And Digital Control Theory, Signal Processing, Circuit Theory, Power Electronics

BTech Computer Science subjects

Computer Hardware, Design Of Digital Systems, Microprocessors, Data Structures and Algorithms, Bioinformatics, Computer Networks, Data Communication, Database Management Systems, Computer Architecture

BTech Branch

BTech Civil Engineering, BTech Computer Science Engineering, BTech Mechanical Engineering, BTech Electrical & Communication Engineering, BTech 1st Year Engineering, BTech Electrical & Electronics, BTech Mechantronics Engineering

BTech Electrical & Communication subjects

Signals & Circuits Simulation, Semiconductor Device Physics, Analog Signal Processing, Electronic Circuit Design, Digital System Design, Logic Design, Microwave Integrated Circuits, Network Analysis, Consumer Electronics, Data Structures and Algorithms, Optical Fiber Communication, Microcontrollers and Applications, Satellite Communication, Electronic Instrumentation, Digital Image Processing, Power Electronics, Analog Communication, Communication Networks, Digital Electronics, (IC) Integrated Circuit Systems, Processors and Controllers, Digital Communication, Wireless Communication, Electromagnetic Waves, Analog Electronics, Electronic System Design

Type of class

Crash Course, Regular Classes

BTech Mechantronics subjects

Database Management Systems, Digital Integrated Circuits and Applications, Theory of Machines, Linear Control Theory, Digital Signal Processing, Linear Integrated Circuits and Applications, Computer Networks and Communication Protocols, Strength of Materials

Class strength catered to

One on one/ Private Tutions, Group Classes

BTech 1st Year subjects

Mechanics Of Solids, Basic Mechanical Engineering, Environmental Studies, Communication Skills, Basic Electronics, Biology For Engineers, Basic Electrical Technology, Engineering Chemistry, Engineering Graphics, Computer science, Advanced Mathematics (M2), Engineering Physics, Engineering Mathematics (M1)

BTech Civil subjects

Mechanics Of Structure, Concrete Design and Technology, Strength & Mechanics Of Materials, Structural Analysis, Civil Engineering Materials And Construction, Fluid Mechanics, Surveying, Design Of Steel Structures

Engineering Diploma Tuition
1 review
5 Students

Class Location

Online class via Zoom

At the Institute

Engineering Diploma Branch

Engineering Diploma 1st Year, Computer Engineering Diploma, Civil Engineering Diploma, Electrical Engineering Diploma, Electronics, Mechanical Engineering Diploma

Engineering Diploma Subject

English, Engineering Graphics, Basic Physics, Engineering Mathematics, Communication Skills, Basic Math, Basic Chemistry, Computer Fundamentals, Applied Science ( Mechanical & Plastic ), Engineering Mechanics

Mechanical Engineering Diploma Subject

Electrical Engineering, Computer Programming, Fluid Mechanics and Machinery, Power Engineering, Mechanical Engineering Materials, Strength of Materials, Thermal Engineering, Theory of Machines & Mechanisms, Fundamentals of Electronics, Measurements & Control

Computer Engineering Diploma Subject

Applied Mathematics, Basics of C Programming, Computer Hardware and Maintenace, Computer Network, Operating System, Advanced Microprocessor, Computer Graphics, Data Structure Using 'C', Digital Techniques, Microprocessor and Programming

Civil Engineering Diploma Subject

Theory Of Structures, Surveying, Applied Mathematics (CE and ME Group), Mechanics of Structures, Building Construction, Design Of Steel Structures, Design of Structures, Concrete Technology

Type of class

Crash Course, Regular Classes

Class strength catered to

One on one/ Private Tutions, Group Classes

Electrical Engineering Diploma Subject

Principles Of Management And Costing, Electric Circuit Theory, Computer Programming, Basic Electronics, Electrical Machines, Electronic Devices And Logic Circuit, Electrical And Electronics Engineering Material, Power Electronics, Control System Components

BBA Tuition
2 Students

Class Location

Online class via Zoom

At the Institute

BBA Subject

Taxation, Corporate Environment, Fundamentals of Accounting, Cost Accounting, Organizational Behavior, Management Process, India Socio Political Economics System & Current Affairs, Auditing, Strategic Management, International Business, Marketing, Management Accounting, Marketing Management, Entrepreneurial Management, Environmental Management & Corporate Social Responsibility, Financial Management, Mathematics, Quantitative Methods for Business, Corporate Accounting, Human Resource Management, E-Business, Management Information System, Financial Accounting, Business Organization and Environment, Micro and Macro Economics, Business Ethics & Corporate governance, English, Materials Management, Business Research Methods, Statistics, Computer Applications in Business

Type of class

Crash Course, Regular Classes

Class strength catered to

One on one/ Private Tutions, Group Classes

Answers by Career Avenues Institute

Answered on 06/03/2018 Learn CBSE - Class 11/Economics +1 Tuition/Class XI-XII Tuition (PUC)

Ask a Question

Post a Lesson

How is money used as a medium of exchange? Explain.

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency. The... ...more

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency.

The use of a medium of exchange allows for greater efficiency in an economy and creates more trade. In a traditional barter system, trade between two parties could only occur if one party had and wanted what the other party had and wanted, and vice versa. But the chances of this occurring at the same time are minimal. Let's say one party had a cow and the other had a lawn mower: with a medium of exchange such as gold coins, all the cow owner would have to do is find a buyer for the cow and she would receive gold coins. Then all she would have to do is find someone selling a lawn mower, which she could purchase with gold coins.

Money enables anyone who has it to participate equally in market. When consumers use it to purchase something, they are essentially making a bid in response to an asking price. That is what brings order and predictability to the marketplace. Producers know what to produce and how much to charge and consumers can plan their budgets around predictable pricing.

When money, as represented by a currency, is no longer viable as a medium of exchange, or its monetary units can no longer be accurately valued, there is no predictability, no ability to plan, no ability to gauge supply and demand. In short, the markets become chaotic. Prices are bid up for fear of scarcity and the unknown, and supply is diminished from hoarding and the inability of producers to replace it quickly enough.

Alternative currencies have been used throughout time as a means to spur commerce or augment a national currency in times of economic duress. In the early 20th century, companies were forced to issue company scrip and other forms of emergency currency in order to pay their workers massive bank failures caused wide-spread cash shortages. The scrip could be redeemed for food and services or held for future redemption in U.S. Dollars when they became available.

Answers 2 Comments
Dislike Bookmark
x

Ask a Question

Please enter your Question

Please select a Tag

Contact

  • Want to learn from Career Avenues Institute?

  • Contact Now
X

Reply to 's review

Enter your reply*

1500/1500

Please enter your reply

Your reply should contain a minimum of 10 characters

Your reply has been successfully submitted.

✕

Certified

The Certified badge indicates that the Tutor has received good amount of positive feedback from Students.

✕

Different batches available for this Course

Book a Free Demo

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2026 All Rights Reserved