Tag: theories of distribution

Medince

Measure

Saving

Both a & b

Transaction approach

Cash balance approach

Debit balance approach

Asset approach

contingent functions

secondary functions

primary or original function

important functions

medium of exchange

measure of value

standard of deferred payment

both (A) and (B)

two

three

four

five

standard of deferred payment of money

store of money

income from money

(A) and (C)

medium of exchange

unit of account

standard of deferred payments

store of value

medium of Exchange

common measure of value

store of Value

all of the above

$M _1$

$M _2$

$M _3$

$M _4$

neutral for production

helpful for production

harmful for production

distorts production