goods worth more than money?
goods are really really important, money does not feed people, you can not eat money so to speak. if im correct, then how can money ever equal the value of a sandwich that feeds your kids so to speak?
then how can things be actually bought with money? why should someone consider cash to ever be worth the good that is bought? are people getting duped, not to knock money, money looks cool and is cool, but how is it ever worth the food so to speak?
- 2 years ago
Money is simply a means of exchanging labor for commodities we all need and use. We could do it with a barter system but it would be very complicated - impossible in many cases. How will you barter your labor for cable service?
- RiddleMeThisLv 52 years ago
Money is a representation of TIME. The time it took to plow the field, plant the crops and harvest it. Add to that the time to distribute the product to the grocers. The time for the employees to stock the shelves. etc, etc. If you boil it down to the very essence, money is time.
Now, as for the food, you can either pay money (including barter items) or you can take the time to grow it yourself.
- STEVEN FLv 72 years ago
Give Steve D best answer.
Someone may find a better way to say the same, but no one will give a better answer.
- SumDudeLv 72 years ago
I see you like to invent questions. Well, just trust us who know about money and the economy.
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- Steve DLv 72 years ago
Cash/money is a measure of value. The alternative is barter, meaning that you trade a good or service to get a good or service. For example, if you are a blacksmith, you make things of metal. Let's say you want that sandwich, you take one of your items to the guy in town that makes sandwiches so you can get that sandwich. Unluckily, whatever you made, the sandwich guy doesn't need it so he won't trade you his sandwich for your item. Now you have to find out what the sandwich guy wants, go out and find the the guy that makes what the sandwich guy wants, try to trade you item for that item and then bring that item back to the sandwich guy to finally buy the sandwich. Or, you can put a value on what you make - say you made 4 horseshoes and you sold them for $20. Now you have $20 which is basically stored value and you can take that $20 to someone to buy what you want - maybe your sandwich for $5.
In any event, money makes the economy more efficient by establishing a base value ($1 is $1) and allowing people to price their efforts (you go to work and earn $$ per hour). Simple economics.
- Pearl LLv 72 years ago
cause you need that to buy the goods