what is money according to economists?
Definition of Money According to Classical Economists: According to classical economists money is just a medium of exchange and it can not influence the income and employment of a country. In other words, the money supply which is in circulation just performs the function of exchange of goods and services. People keep money with themselves so that they could transact goods and services. Thus, according to them money is just a token and it has nothing to do with economic activity of a country. They further say that money is like a veil which wraps the goods and services in itself. Money has been accorded as a veil because it has camouflaged the operation of real economic forces.