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How did market relations originate?

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How did market relations originate?

Video: Explained | The Stock Market | FULL EPISODE | Netflix 2024, July

Video: Explained | The Stock Market | FULL EPISODE | Netflix 2024, July
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Such a seemingly tricky at first glance concept of "market relations" in its essence means only the interaction of the buyer and seller. That is, each person not only watches them daily, but also is a direct participant.

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Market relations originated many millennia ago and we can safely say that they were and are an associate of human development and the modernization of society and science. First of all, they are a way of cooperation and a kind of communication between people, organizations, countries and even political communities. At its core, human life is what market relations are, because almost all of its actions are aimed at improving the quality of existence, raising social status and enrichment.

When exactly did market relations originate?

If you rely on historical facts, then the emergence of market relations occurred during the primitive communal system. It was in that period of development of human society that families and related clans appeared, rivalry between them arose, and a craving for enrichment appeared. Without any items for a normal and comfortable existence, people turned to neighbors, offering in return what they themselves had in abundance, that is, they offered an exchange, which is the basis of market relations.

Monetary commodity market relations familiar to contemporaries appeared during the development of the feudal system. But in most cases, things still served as the monetary unit - precious metals or stones, slaves or land holdings, that is, what served as a kind of evaluative measure in a given society. Money, as such, began its journey in market relations only in ancient China, two thousand years before the advent of our era.

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