Economics is a social science subject that involves the behaviour and interactions of individuals, businesses and government to allocate the resources. It categorises these interactions in terms of understanding of production, distribution, consumption and exchange of goods and services. The idea of money is often quantifiable in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another. Money effectively eliminates the double coincidence of wants problem by serving as a medium of exchange that is accepted in all transactions, by all parties, regardless of whether they desire each others' goods and services. As a store of value, money is not unique; many other stores of value exist, such as land, works of art, and even baseball cards and stamps. These were some functions of money.
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