Adam Smith, the father of Economics had said: “Money is the pivot around which the whole world revolves”. He had said this in the 18th century and even in the 21st century this very famous line of his holds good. Money is still the pivot around the whole world revolves and will be the pivotal factor until there is mankind on this planet.
It started as a mode of the commodity to get goods and services to avoid the problems related to the barter system. But soon money became the centrifugal force that started driving all our actions. There is another saying that “Money, Money, Money, sweeter than honey”. So, let’s take a closer look at this process.