A. Mohammed Abubakar* and Mustafa Ilkan
The relationship between money and output is based on “quantum theory of money and production”. Perhaps, this is a new way of looking at the role of money in a production. Quantum theory of money and production states that “income is the instantaneous result of an event called production which is related to a limited period of time”. Bortis added that every time a new production takes place, its measure is given instantaneously through the monetary payment of its cost.
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