1.

Explain how people started using mineral-stones and coins as standard measurement value and as medium of exchange?

Answer»

Use of mineral stones and coins:

  • Owing to the limitations of the animals as a standard value, people started using mineral-stones instead of animals.
  • When the era of imperialism began, people started using coins as a means of trade and exchange of goods and services in the kingdom. The only limitation was that they were used in limited societies and regions.


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