(ii) By acting as a unit of account, money becomes a comes a common measure of value. So in order to live your life to the fullest you need money so that you can get everything that you are looking for. All this is only possible if you have money and by fulfilling the needs of your family you can bring a smile on their face. So do explore ways to make money but also enjoy your life and give time to your family. Apart from the basic requirements of food and clothes, you need to pay the fee of your children, take them to new places, buy computers etc. Disclaimer 9. The luxuries of life can easily be purchased with the money thus enabling you to live a happy lifestyle. This has been made possible because the value of foreign aid received and its repayment by the developing countries is measured in money. Importance of the importance of being earnest: The Magical Power, Organic Architecture By Frank Lloyd Wright.
It is required to meet the charges of the doctor and cost of medicinal manufacturing. Changes in the value of money or prices also reflect the growth of an economy. They are happy and contended as money can fund their lavish style of living. You can offer a better life to your family – If you want your family to be happy, money is something that you will need the most. As a person, you should stay clear of the buddies who are financial parasites. Image Courtesy : discovertheroad.com/wp-content/uploads/2013/02/cashTEST.jpg. In the field of investment, people put a lot of their money into a particular market and as the market gets bigger and builds a higher reputation, the worth of money invested grows larger. They can afford to engage in the activity of their interest no matter how expensive it is. The importance of money Money is a non-negotiable, indispensable commodity in every person’s life.
The consumer receives his income in the form of money rather than in goods and services. In addition to role of money as a medium of exchange, one can also observe the role of money as a store of value and measure of value for consumers. Each worker is paid money wages in accordance with the nature of work done by him. You cannot imagine your life without money and therefore it is important to have a proper balance between your expenses and money. Plagiarism Prevention 4. For yet others, money is an obsession, as accumulation signifies achievement. People who have to regularly worry about daily bread and butter cannot concentrate on developing a fitness regime for themselves. Money has gained its value because people are trying to save wealth for their future needs. Even with less salary you can make out the most of your investments … You start from nothing and learn as you go. You can give money to a charitable trust as well where your money is used in the proper way to help other people. No one is satisfied with what they have and hence most of their time is wasted in thinking about how to increase the money. Even the wealthiest person will want more and will try ways to make money. This is because on the basis of its functions money facilitates the flow of goods and services among consumers, producers and the government. No financial problem – Money gives you the ability to put an end to your financial problems but this is only possible if you manage it in the right way. In addition, developing the personality also requires the magic bucks. The importance of money is increasing day by day with the rapid changes in economic development and other overall requirements of humans. Fit life: A fit and healthy life is not possible if you are a pauper. If they do not have money, they can only dream of going to the doctor and get medicinal treatment. If you wish to live a lavish like you require money for it. Money is all about being self-dependent – Money makes you self-dependent which means that you are no more dependent on anyone but can fulfill your life’s desires on your own. Money is of vital importance to the operation of the national and international economy. Just like you need food to live similarly you need money to survive. Avoid relationship with girls who are only after your money and treat you as their sugar daddy. A. person as a consumer can decide, in the presence of money, how much he should spend and how much he should save. Money can definitely buy happiness: People with money can buy homes and vehicles of their choice. from different sources and places. Since money is in abundance, spouses do not fight with each other and live a wonderful life.
Money being the most liquid asset can be kept for long periods without deterioration or wastage. There are many people who earn a lot of salaries but are in debt because of the mismanagement that leads to numerous problems. Though it is entirely your choice and decision to give money but if you have, one can always help others. Money removes this difficulty of barter by facilitating the transfer of value from one place to another. Thus money enables a consumer to make a rational distribution of his income on various commodities of his choice.
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