Trouble comes when a person begins to serve money. This academic essays online service can write different papers for reasonable prices. Once, I watched a small video where a person asks questions to God. And one of the questions was: what surprises you in people? God answered: they make money, lose health and spend money, restoring their health · Money, by definition, is any form of currency, which holds a value that can be used to undertake a transaction involving exchange of items from one person to another. One party buys the item with money. Being the most developed of all animal species; it was not uncommon that the humans quickly learnt the art of blogger.comted Reading Time: 5 mins In this essay we will discuss about: 1. Origin of Money 2. Elements usually included in the Supply of Money 3. Attributes. Essay on the Origin of Money: The origin of money, it has been said, lies in the inconveniences of the barter system. In primitive barter system goods were exchanged for goods and were not sold for blogger.comted Reading Time: 6 mins
Essay on Money: Meaning, Functions and Role
Money, by definition, is any form of currency, which holds a value that can be used to undertake a transaction involving exchange of items from one person to another.
One party buys the item with money. Being the most developed of all animal species; it was not uncommon that the humans quickly learnt the art of trade. As a result, a medium of money was necessary.
Thus they devised various means and materials by which they could buy and sell articles. At least years back, the barter system was used in which goods were exchanged in return for other goods. This was known as commodity money, essays on money. Cereals were very important and held a lot of monetary value since production of food was not done on a high scale and it was scarce. They held value just like modern day high value currency notes.
The oldest known record of organized monetary system is that of the Mesopotamian civilization where the unit of currency was the weight equal to grains of barley. While in the Occident as well as Asia, cowry shells were the mode of payment. According to Greek historian Herodotus, the people of Lydia, in Asia Minor, who were proficient in the use of metals, initiated the trend of using metallic discs for currency as early as about BC.
Gold, silver and other precious and semi-precious metals were cast into discs and used as money. Slowly, as the banking system developed, essays on money, people started essays on money written documents for the safekeeping of their gold and silver wealth.
These documents were redeemable for the written amount of gold and silver. And gradually, essays on money, these promissory notes became the form of currency and were used for day to day transactions. These promissory notes were however replaced by a systematic system of currency notes, for the first time during the rule of the Song dynasty in China.
As a result of immense evolution of the essays on money mind as well as the banking system, humans found better essays on money of keeping their property consolidated than with the help of rectangular paper pieces. They started investing in non-renewable resources like gold and diamonds whose prices are highly subjective and fluctuate over time, essays on money.
This helped them to increase their property value over a course of time with the same amount of substance. Paper currency or Banknotes are nothing but a systematic improvement over the system that was developed by the early humans as promissory notes. Now, however, they are printed in bulk and have a fixed pre-assigned value that the holder of it is entitled to.
Various forms of paper and ink are used to print them. However, the greatest disadvantage of this form of money, other than the fact that is it subject to wear and tear, is that it can be counterfeited very easily.
To avoid this, proprietary chemicals, inks and designs are being used to veer off counterfeiters. Theft is another great disadvantage of this currency, since it gives the entire amount written on it to its bearer, essays on money. Anyone, irrespective of its true owner, anyone who holds the note physically is entitled to its value.
This is a form of money, or property that is one of the most secure ones in terms of theft. However, the problem with this sort of money is that it provides very less liquidity against a high degree of risk. These are usually stakes of a company that we invest in and if the company makes profits, we get a share of it as dividend.
Eventually, if we feel that the face value of share has increased, we may even sell it and get a higher price than with essays on money we had bought it. The greatest advantage of this kind of money is that is cannot be stolen. Because of the absence of liquid cash, it exists in the form of a legal contract belonging only to the shareholder, essays on money.
This is the newest form of currency that is emerging these days. Examples include Bitcoins, essays on money, Etheria, etc. These currencies exist as points that can be bought with a certain amount of money.
The prices of these electronic currencies also fluctuate according to the sway of the stock exchange. There is absolutely zero possibility of wear and tear or theft or loss due to natural calamity.
However, there is a huge negative side of this modern form of currency. The makers of this currency, in order to promote its usage have given the users a slight advantage of sorts. The payments made through this mode are anonymous.
That means anyone could make a payment or receive a payment in Bitcoins without letting anyone know who they are or what the source or destination of that wealth is. This gives rise to unscrupulous activities like stockpiling of black money, converting black money to white money, or making payment for illegal activities. Incidents of payments to drug dealers, essays on money, professional hit men, and funding for terrorist activities have all been reportedly done by electronic currency.
Perhaps in this world of human beings, essays on money, n human is safe from the other human! It is what drives us to work and to get work done. However, just like everything else, essays on money, it has its disadvantages.
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Essay on money - Its uses and abuses -- English -- Essay writing
, time: 11:24Essay on Money for Children | Importance of Money in Life
· Short and Long Essays on Money Essay 1 ( Words) - Money. Introduction. The collective amount of coins and notes is denoted as money. We can buy all our stuff and fulfill our needs with the help of money. We can’t imagine life without money because we have to Estimated Reading Time: 6 mins · Money, by definition, is any form of currency, which holds a value that can be used to undertake a transaction involving exchange of items from one person to another. One party buys the item with money. Being the most developed of all animal species; it was not uncommon that the humans quickly learnt the art of blogger.comted Reading Time: 5 mins · These Money Essay are written in easy English so that student of any class can easily understand it and also reiterate it or write it down, whenever required. We have divided following essays under long and short essay on money in English according to the need, to help your kids to do better in their school competitions. These essay on money will prove useful in your school assignments or general discussion with your family and friends. Money Essay Estimated Reading Time: 8 mins
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