What is money, really?
The question about the money sounds simple, but too difficult to have a best fit answer. In economic terms money the thing having value of general acceptability. It has value of exchange; you can purchase goods and services using the money.
In the world, it is the most precious thing after all valuable to goods and services. Money is the best tool to measure the value of the things available in the market. It also completes the definition applicable for rich and poor.
In economics, the marginal utility of money defines the value of the money for the person of different status and class. Being the best medium of exchange for trade, money is everything. The value of a diamond is nothing if it is not measured with the value its costs against money.
Evaluation of money shows that the concept of money has been changed with the changes in the society and needs. From the form of animals as money to bullion money, and later on it reached stage of paper money or popularly known as currency.
Money is the core of economy of household or a nation. The more money has a nation the greatest would be, as it has the great source of medium of exchange. In the barter age, where goods were sold against goods, there was no medium of exchange. With the introduction of money as the medium of exchange proved it’s bless for the trade. As well as, it also caused the unrest of various kinds.
Money is the tools that can solved your problems whatever in the market in regard to purchase, invest, or to spend on goods and services. I read ‘Money is a good servant but bad master’, that’s exactly what is defining the world today. Money is the major cause for the much unrest in the world today.
But on the contrary, money is a purest form of the medium of exchange. It is bliss for the society and the advancement was not possible without money.
In the world, it is the most precious thing after all valuable to goods and services. Money is the best tool to measure the value of the things available in the market. It also completes the definition applicable for rich and poor.
In economics, the marginal utility of money defines the value of the money for the person of different status and class. Being the best medium of exchange for trade, money is everything. The value of a diamond is nothing if it is not measured with the value its costs against money.
Evaluation of money shows that the concept of money has been changed with the changes in the society and needs. From the form of animals as money to bullion money, and later on it reached stage of paper money or popularly known as currency.
Money is the core of economy of household or a nation. The more money has a nation the greatest would be, as it has the great source of medium of exchange. In the barter age, where goods were sold against goods, there was no medium of exchange. With the introduction of money as the medium of exchange proved it’s bless for the trade. As well as, it also caused the unrest of various kinds.
Money is the tools that can solved your problems whatever in the market in regard to purchase, invest, or to spend on goods and services. I read ‘Money is a good servant but bad master’, that’s exactly what is defining the world today. Money is the major cause for the much unrest in the world today.
But on the contrary, money is a purest form of the medium of exchange. It is bliss for the society and the advancement was not possible without money.
Comments
Post a Comment