IMPACTS OF THE INTRODUCTION OF MONEY ECONOMY IN TRADITIONAL AFRICAN SOCIETYIntroduction
Economy
Careful management of resources, finances, income and expenditure of a family, a business enterprise, community or a country. The economy of a country is to be well managed if it has the ability to meet the social economic needs of her members.
​Development - it’s measured by the healthy of its economy in the provision of health, education, housing, sanitation, employment longevity of life, decrease of maternal and child mortality. Money economy
​Use of money as a means of exchange in economic activities e.g. banking, investment, insurance, payment of goods and services.
Reasons for money introduction
Impact of the introduction of money economy in traditional African society
​Explain the negative effects of the introduction of money economy in traditional African communities. (7 marks)
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AuthorAtika School Team
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