Which is important money or economy

Question

Accepted Answer

Both money and economy are important, but the economy encompasses a broader range of factors beyond just money.

Money is a medium of exchange used in economic transactions.
Economy refers to the overall health and performance of a country's financial system, including factors like GDP, employment rates, inflation, and trade.
While money is a crucial component of the economy, a strong economy involves more than just the circulation of money.
For example, a country can have a lot of money in circulation but still have a struggling economy due to high inflation rates or low employment levels.

Accepted Answer

Money comes first in economy

Top Gurukul Senior Secondary School Economic PGT interview questions & answers