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What is important power or money?
Originally Answered: What is more important: money or power? While both money and power are considered most essential for achieving success in the current world, both have a tendency to corrupt an individual. Hence it is neither money nor power but wisdom that is the most important of all.
Why does money represent power?
Initially, money represented the added value of a commodity when a producer employed his surplus production for trade rather than for self-consumption. As production and trade expanded, money came to represent the power of the society for production and exchange of a wide range of products and services.
What is a word for power and money?
purse strings, power of the purse, financial control.
Why is money management so important?
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don’t have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Why is money important to a business?
The primary importance of money stems from its economic benefits: money allows for the expansion of goods and products available to consumers and diversifies markets. Prior to the introduction of money into global economies, goods and services were exchanged in lieu of cash transactions.
Why do you demand money?
It can be held as a form of wealth or asset which commands other forms of wealth in exchange, all the time. Thus, money being the most liquid asset, can serve as an efficient store of value; so it is demanded for its own sake. In this sense, the demand for money is the inverse of the velocity of circulation.
What is the role of money in society?
– In society, money plays a major role. It is a necessity that is needed in order to survive in the world today. In Pride and Prejudice , it is the one element that determines one’s whole life and future. Not only is it needed to live, but it determines who you will marry as well as your social status in society.
https://www.youtube.com/watch?v=K-gCN8-S05o