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and a common denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing accounting systems.

Economics

Unit of account in economics allows a somewhat meaningful interpretation of prices, costs, and profits, so that an entity can monitor its own performance. It allows shareholders to make sense of its past performance and have an idea of its future profitability. The use of money, as a relatively stable unit of measure, can tend to drive market economies

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