Importance of Having Money
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- Date Submitted: 07/07/2011 09:21 AM
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Money is any object or record, that is generally accepted as payment for goods and services
The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills
Currently, most modern monetary systems are based on fiat money. However, for most of history, almost all money was commodity money, such as gold and silver coins.
(Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money.)
(Fiat money is money that has value only because of government regulation or law.)
The first advantage of having money is that stuff costs money. If you want stuff, you will have to pay for it. This is the law of economics. People just don’t give their stuff away, they want something for it. Money is the universal trade item. You can trade money for almost anything. If you want a lot of stuff, you need a lot of money.
If you have money enough you can study higher and in better institutes
There are other advantages to having a lot of money. One of these advantages is that you can do things. I’m not just talking about going on trips or going to the movies.I mean you can do things like go into business and build factories to make interesting gadgets like electric bicycles.You can have the best ideas in the world, but without money you will not be able to convince people to help you in your great plan.
Money is very useful for influencing people. If you want somebody to mow your lawn, you do not threaten them or try to talk them into it. You offer them some money and they mow your lawn. It’s very simple. Money is used to control people all the time. Think of all the people working at laborious and damaging occupations. Money can even get people to do dangerous things like strap themselves on live high tension power lines from the skid of a helicopter. Without money, you would have no linemen, and no power.
George...
The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills
Currently, most modern monetary systems are based on fiat money. However, for most of history, almost all money was commodity money, such as gold and silver coins.
(Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money.)
(Fiat money is money that has value only because of government regulation or law.)
The first advantage of having money is that stuff costs money. If you want stuff, you will have to pay for it. This is the law of economics. People just don’t give their stuff away, they want something for it. Money is the universal trade item. You can trade money for almost anything. If you want a lot of stuff, you need a lot of money.
If you have money enough you can study higher and in better institutes
There are other advantages to having a lot of money. One of these advantages is that you can do things. I’m not just talking about going on trips or going to the movies.I mean you can do things like go into business and build factories to make interesting gadgets like electric bicycles.You can have the best ideas in the world, but without money you will not be able to convince people to help you in your great plan.
Money is very useful for influencing people. If you want somebody to mow your lawn, you do not threaten them or try to talk them into it. You offer them some money and they mow your lawn. It’s very simple. Money is used to control people all the time. Think of all the people working at laborious and damaging occupations. Money can even get people to do dangerous things like strap themselves on live high tension power lines from the skid of a helicopter. Without money, you would have no linemen, and no power.
George...