Crypto currency is a form of digital currency that you can use to exchange value or make purchases. It is decentralized, meaning it exists only in electronic form – and no one controls or backs it. It’s like regular money, except there are no banks involved and transactions take place between individuals without the use of middlemen – like a bank account. If you want to buy some groceries, money goes from your bank account to the cashier’s at the grocery store. In crypto currency, however, money moves directly from one person’s computer to another’s
Unlike other commodities which are only used by individuals and specific industries, sugar is consumed all over the world and by most of the population. This has a major impact on the price of sugar due to its global importance in this industry.
Throughout the centuries, people have continued to hold gold for various reasons. Societies, and now economies, have placed value on gold, thus perpetuating its worth. It is the metal we fall back on when other forms of currency don’t work, which means it always has some value as insurance against tough times.
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.