Money allows us to meet our basic needs – to buy food and shelter and pay for health care. Meeting these needs is essential, and if we don’t have enough money to do so, our personal well-being and the well-being of the community as a whole suffer greatly.
What is the meaning of money is power?
Having a lot of money gives one more opportunities in life and more influence on others. On the same subject : Who has a 200 IQ?.
What power does money have? Money is a social power that operates at all levels – formal, informal, legitimate, illegitimate, fundamental, surface, regional and global. Not all social powers have this capacity. Conventional economic theories see the function of money as a medium of exchange, unit of account and store of value.
What are 5 uses of money?
There are only 5 things we can do with money. We can use it to live, we can give it away, we can repay debt, we can pay taxes, or we can save/grow it. See the article : How can I use money wisely?. It is important to know how your money is distributed among these categories because it will show us our priorities.
What is money and its importance? What is money? Money is a commodity accepted by general consent as a means of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and from country to country, facilitating trade and is the main measure of wealth.