Can You Discuss The Importance Of Money.

Today money is considered one of the out standing inventions of the entire history of mankind. The introduction of money has eliminated all the difficulties of Barter system in which goods have to be exchanged for goods. Money facilitates trade by acting as a medium of exchange and standard of value. It has made easy to save wealth for future. It has played a significant role for the specialization in business through division of labour. Although money itself creates nothing but it is very helpful in the process of production, consumption and exchange;
Without money it is not easy for the producer to distribute product which is not divisible like "Bus" or motorcar among the four factors of production.
The price mechanism controls the capitalistic economy. In a free enterprise economy many decisions like what to produce, how to produce, where to produce and for whom to produce are guided by the profit motives. Money prices reflect the aggregates of individual demands and supplies.
People can sell and buy the goods and services which they need by parting with money. I the absence of money a great variety of things would never have entered in our consumption list, and our satisfaction would have been at the lowest level.

Merry, money is that very important thing that almost every person existing on the face of earth needs to live. Money is what we need to have in any circumstances to breathe.

Money is surely very important for our lives. If we don't possess money, in no time span, we will be found on a footpath and that too without any food, clothing and shelter. Money is needed by parents to educate their children and turn them from nobody to somebody. Children, in turn need money to support their parents as well as their families. Businessmen requires heavy sums of money to start their business, invest and then establish themselves as well-known businessmen in the market of business.

Many people quote that if one desires and wishes to be happy and to see and witness his family being happy, then the only key to this happiness is a large amount of income. People also claim that if a person says that money can not make anyone happy, then this means that he had never possessed any money! I know that it is funny and tremendously hilarious! So, to conclude, according to my opinion, money is extremely significant for a man to lead his life happily and comfortably!

Off course we can discuss the importance of money in present scenario. You must understand that money is a very useful source of exchanging goods on and it is also easy to carry. If you will compare the system of money with the barter system then you would ultimately get the result in the favor of money. It is because in barter system it was very difficult to exchange things as per your desire. And carrying the things with you was also difficult in those days. For example if you suppose that you're living in a barter system. And you need some wheat while the other person need some tool like hammer. You've hammer and the other person does not have wheat but rice. Now you've to take the rice rather than wheat. And this is the greatest draw back of the barter system.

And contrary to this the system of money is not only easy because you can exchange it on the things which you want. But it also has another advantage that money is easy to carry in the shape of currency notes. Just consider the above example, how much it is difficult to move with a 5 kg bag of wheat to exchange it. While it is very easy to exchange the things on the basis of money because keeping money is very easy. I hope now you can understand the importance of the money. So money is very important in our life especially in this modern era.

Well of course we all need it to survive especially now days.
If anyone doesn't have money they will just end up on the footpath.