Opinion on the importance of money

There are various reasons which make money to be important. Firstly, money is generally accepted amongst numerous individuals. This makes it to be used as a medium of exchange. Additionally, by acting as a medium of exchange, money plays a very important role in facilitating transactions. This is made possible by the fact that individuals can use money to measure the value of a particular commodity.Advertising We will write a custom essay sample on Opinion on the importance of money specifically for you for only $16.05 $11/page Learn More In the absence of money, individuals and organizations would be forced to conduct transactions through barter trade which is a relatively challenging system due to existence of double coincidence of wants. For example, if one possesses a particular commodity and intends to exchange it for another, he or she would be required to find another individual who possesses another commodity of equal value. Money is also importa nt in that it can be used as a store of value. This arises from its characteristic of holding its value over a considerable duration. This is further enhanced by the fact that it is more liquid and is available in different denominations compared to other mediums of exchange. As a result, it can be easily transported. Money also contributes towards improvement in the quality of life for example through creation of wealth. As a result, money enables individuals to access basic amenities such as food, shelter and clothing. Money and social status Money contributes towards improvement of an individual’s social status. Currently, society tends to accord higher status and prestige to individuals who have accumulated more money. The social status that comes with money is well illustrated by celebrities such as musicians, business people and politicians amongst others. Previously, a teacher may have higher respect in the society , however on the basis of his or her income, his or he r social status can be reduced significantly. Therefore, money is a major determinant of the social class that an individual belongs within the society. How do people earn money There are two main ways through which individuals earn their income. The first source includes formal and informal employment in either the public or the private sector. A significant proportion of individuals earn their income out of the two economic sectors.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More The second source entails self employment which arises as a result of one’s ability to exploit his or her entrepreneurial skills or the opportunities presented by the environment. Different people have employed themselves by starting businesses in different economic sectors such as art and music amongst others. Money and crime In an effort to earn money, some individuals have incorporated illegitimate methods . One of the ways through which the urge to earn money has promoted crime is evident in the emergence of organized criminal gangs. These gangs engage in different activities such as money laundering, child trafficking and drug trafficking. Incidences of drug trafficking are carried out worldwide but are more prominent in some countries such as Mexico. Additionally, the urge to earn money has also resulted in violent crimes which in some cases lead to loss of life. Other crimes which have arisen as a result of the need to accumulate money relates to emergence of counterfeit trade especially in some countries such as China. Participation in economic crimes such as counterfeiting has adverse effects on the world’s economy. This is due to the fact that its negative effects to the various economic sectors. This essay on Opinion on the importance of money was written and submitted by user Mason D. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Sample IELTS Essay Questions - Learn How to Prepare For the Test

The Sample IELTS Essay Questions - Learn How to Prepare For the TestThe sample IELTS essay questions can help you understand what the IELTS is all about and what you should learn to become a better English language student. By taking these essay questions you will not only get a good idea of what the IELTS is all about but also a good idea on how to prepare for it.When you plan to study English language, it is advisable that you are good at reading and writing English. So, you should prepare to make sure that you are an excellent reader and writer. So, what you should study is the easy English essay question in addition to the practice IELTS essay questions that can help you be the best English student you can.You can study and analyze different types of English essays. When you read and analyze these essay questions, you will find out if there are certain elements and sections that need to be modified. There are also some questions that can make it difficult for you to succeed if yo u don't know what you are doing. By studying these questions you will be able to improve your skills.When you know what you are looking for, then you can plan to study the Sample IELTS essay questions. These questions will help you practice on what you should write and the right grammar level you should use in the essay. It will also help you determine the rules for writing in English.The most useful part about the sample IELTS essay questions is that you can use them as a guide. It will give you an idea about how to take part in the essay. This can really help you prepare for it. You can also use the sample IELTS essay questions as a guide in finding out the important parts of the essay. You can see that the Sample IELTS essay questions are more than just testing your reading skills. The questions will give you an idea of how to format the essay. And by having an idea on how to format the essay, you will be able to create an effective essay.It is advisable that you take IELTS first so that you are familiar with the IELTS test and the IELTS practice essay questions. They can help you improve your skills and be the best English student you can be.