Money is first and foremost a medium of exchange. As human society became increasingly more complex, it became inconvenient for humans to barter one commodity or service for another or to exchange a certain quantity of labor for a certain quantity of some commodity. No one invented money; it simply developed. People who wanted to exchange something found that it was sometimes difficult to find someone who had exactly what they wanted and who at the same time wanted exactly what they had to exchange. In order to make exchanges easier, the circle of exchanges widened from two parties to three or more. A had what B wanted; B had what C wanted; C had what A wanted.
In this way, indirect exchanges began to develop. Over a period of time, specialized goods that were more difficult to trade were exchanged for goods that were more easily marketed. As a consequence, the more marketable goods became even more marketable because demand for them increased. Eventually, the most marketable or saleable of these goods acquired the function of money, a medium of exchange. Many goods have served as money. In the cultures with which we are most familiar, money tended to take the form of precise weights of such metals as gold and silver.
To solve these problems the commodity money has come, which is a kind of currency based on the value of an underlying commodity. Colonialists, for example, used beaver pelts and dried corn as currency for transactions. These kinds of commodities were chosen for a number of reasons. They were widely desired and therefore valuable, but they were also durable, portable and easily stored. The importance of money in a person's life can vary greatly by individual, culture, and social status. Its value is usually established early in life according to the value it holds with parents and caregivers. For every individual, money will only be as important as the desire for the things that money can buy.
Money can prevent the sufferings that come with poverty like cold and hunger. While sickness can not be totally obliterated by money, it can be considerably relieved by it. Generating wealth and Giving away money to charity can also provide us with the satisfaction of relieving others from suffering. With money, we can obtain an advanced education that may aid us in the development of genius and extraordinary achievements. It gives us the leisure to devote a part of our time to culture and art. Money can provide a powerful diversion for all or our troubles by permitting distraction from societys anxieties that assail us.
Although it is important to be rich, I feel that we should not work too hard to be rich. A person can be wealthy if he works long hours every singe day. However, he will not have the time to enjoy spending his money. Furthermore, he will be less happy working so hard. Hence, I feel that we should try to find ways that allow us to be rich without working too hard. People might feel that there is no way a person could get rich without working hard. However, I feel that by utilizing our powerful minds, we will be able to get rich without working too hard. There are many real life examples. I hope to be able to achieve this.
In this way, indirect exchanges began to develop. Over a period of time, specialized goods that were more difficult to trade were exchanged for goods that were more easily marketed. As a consequence, the more marketable goods became even more marketable because demand for them increased. Eventually, the most marketable or saleable of these goods acquired the function of money, a medium of exchange. Many goods have served as money. In the cultures with which we are most familiar, money tended to take the form of precise weights of such metals as gold and silver.
To solve these problems the commodity money has come, which is a kind of currency based on the value of an underlying commodity. Colonialists, for example, used beaver pelts and dried corn as currency for transactions. These kinds of commodities were chosen for a number of reasons. They were widely desired and therefore valuable, but they were also durable, portable and easily stored. The importance of money in a person's life can vary greatly by individual, culture, and social status. Its value is usually established early in life according to the value it holds with parents and caregivers. For every individual, money will only be as important as the desire for the things that money can buy.
Money can prevent the sufferings that come with poverty like cold and hunger. While sickness can not be totally obliterated by money, it can be considerably relieved by it. Generating wealth and Giving away money to charity can also provide us with the satisfaction of relieving others from suffering. With money, we can obtain an advanced education that may aid us in the development of genius and extraordinary achievements. It gives us the leisure to devote a part of our time to culture and art. Money can provide a powerful diversion for all or our troubles by permitting distraction from societys anxieties that assail us.
Although it is important to be rich, I feel that we should not work too hard to be rich. A person can be wealthy if he works long hours every singe day. However, he will not have the time to enjoy spending his money. Furthermore, he will be less happy working so hard. Hence, I feel that we should try to find ways that allow us to be rich without working too hard. People might feel that there is no way a person could get rich without working hard. However, I feel that by utilizing our powerful minds, we will be able to get rich without working too hard. There are many real life examples. I hope to be able to achieve this.
About the Author:
Ron Ferguson an entrepreneur who has many years of experience online. His new website http://www.CashSymmetry.com offers The Peoples Program. Cash gifting is a legitimate and legal way to generate money online.
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