MindMap Gallery The emergence of money
Regarding the relationship and attributes between currency and commodities, currency is a general equivalent under different social systems, but it embodies different social production relations and is used by different ruling classes. This is the essence of currency.
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This is a mind map about bacteria, and its main contents include: overview, morphology, types, structure, reproduction, distribution, application, and expansion. The summary is comprehensive and meticulous, suitable as review materials.
This is a mind map about plant asexual reproduction, and its main contents include: concept, spore reproduction, vegetative reproduction, tissue culture, and buds. The summary is comprehensive and meticulous, suitable as review materials.
This is a mind map about the reproductive development of animals, and its main contents include: insects, frogs, birds, sexual reproduction, and asexual reproduction. The summary is comprehensive and meticulous, suitable as review materials.
The emergence of money
How money is produced
Currency emerged from the contradictory development process of commodity production and commodity exchange.
The roots of money
The product itself
commodity
definition
Commodities are products of labor produced for exchange or sale.
Two properties
Use value (ordinary goods)
Goods must first be useful and able to meet certain needs of people.
Food can satisfy hunger
Clothes can keep you warm
Steel can make machines
Determined by the material properties of the commodity
value (currency)
The value of a commodity is determined by the socially necessary labor time consumed in producing the commodity.
Value is the basis on which goods are exchanged.
four forms of value
simple value form
expanded form of value
general value form
money form of value
The nature of money
Under different social systems, currencies are generally equivalent, but they embody different social production relations and are used by different ruling classes. This is the essence of currency.
functions of money
Currency plays the role of a value scale when expressing and measuring the value of commodities.
The value of a commodity expressed in currency is the price of the commodity.
When currency serves as a medium of exchange during the circulation of commodities, it performs the function of a means of circulation.
As an independent form of value, currency can also withdraw from the circulation field, be stored as wealth, and perform the function of a storage means.
As a means of deferred payment, money performs the function of a means of payment.
Currency serves as a tool for trade settlement and performs the functions of a world currency.
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