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Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most monies degrade in value over time through inflation or the overthrow of governments.
So money isn't just pieces of paper. It's a medium of exchange that facilitates trade. Suppose I have a Wayne Gretzky hockey card that I'd like to exchange for a new pair of shoes. Without the use of money, I have to find a person, or combination of people who have an extra pair of shoes to give up, and just happen to be looking for a Wayne Gretzky hockey card.
Солнышко_Claire (EnglishTogether) все записи автора
some interesting links for those who studies business, economics, trade. Web-site is written in english, so you have to have sufficient level of knowledge of english language.
http://www.tuition.com.hk/dictionary/a.htm
Accounting, Business Studies and Economics Dictionary. It is very useful sourse for learning bisiness studies in english. I'm going to use it.
Солнышко_Claire (EnglishTogether) все записи автора
Sri Lanka is known for its diverse cultures and scenery. An Island with an area of 65,525 sq.km in the Indian Ocean is today the largest exporter of tea in the world with a market share of 21%. Sri Lanka, though relatively small in size, is the world's fourth largest tea producer behind India, China and Kenya. It produces over 310 millions kgr of tea and has a share of approximately 10% of the global tea production. We have the ability to produce an array of teas from different agro climatic zones - Uva, Nuwara Eliya, Uda Pusselawa, Kandy and Ruhuna which are unique to each agro climatic district. The flavour and aroma of Sri Lanka's teas are as distinctive and unique as the climate and geography that give rise to them.
Russia continues to be the largest market for Sri Lankan Tea. Russia records a total of 79.7 million kgs in 2006 as against 71.1 million kgs in 2005 with a market share of 41.6%. Direct export from Sri Lanka during the year 2006 was 59.2 million kgs and showed an increase of 10% in volume and 15% increase in value terms. The potential for Ceylon tea to make further inroads into the Russian market is extremely high as consumers in Russia have rated Ceylon teas as the best quality orthodox tea.