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It follows from the definition just stated that prices perform an economic function of major significance.
"It will really be a function of money," he said.
This is called the "asset" function of money.
has been directed at the function of money in the body politic.
While this is one of the functions of money, it's not the only function of money.
No doubt, but the function of money viz.
Just as importantly, it is fairer, removes the function of money-creation, but, critically, not banking, from the bankers, where it has led to bad judgment and outright fraud, usury, and economic booms and busts for centuries.
Drawing parallels between nature's processes and economic functions, Bingham redefines our perceptions of money and our roles in the preservation of this earth.
Some kinds of trading serve a useful economic function.
But Connecticut strawberries fulfill another economic function.
They connect those with money to save and lend – their depositors and investors – with people and businesses seeking to borrow: a vital economic function.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com