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Money has various uses in the modern world : it is a measure of the value of goods and services, a means of exchanging such goods and services and a way to store up buying (purchasing) power so that one can use it later. As a measure of value, it is of very greatest use. If I work in an office, how can my employer know what to pay me for my services if there is no generally recognized measure of value? He may decide to pay me a certain number of loaves of bread each week, but then I shall have to exchange some of these loaves for other thins that I need: and how am I to know how many loaves of bread I should give for a pair of shoes or for the rent of my house, for example? Gives us a Money very Useful Means of the Measuring such relative values.
Money is Also of very great use as with a Means of Exchange of the Goods and services. If, for example, I am a shoe-maker, it will not be at all convenient to me always to have to exchange the shoes I make for other goods or services. A doctor may want to buy a pair of shoes from me, for example, but I may not need medical care, so he will then have to find something else that I want, or look for another shoe-maker who needs him. The tax money Without-collector Would have come back to an office with a His an extraordinary collection of objects.
Considered as with a Means of Storing up closeup buying (Purchasing) power, money has good and bad points. It can more easily be kept a long time than such things as food, which rots, or buildings, which slowly fall to pieces, or machines, which rust. Up closeup very Takes It little space, and the if the put you in a bank IT, IT is safe as with as with anything in the world the BE CAN.
But modern money has some very serious Disadvantages as with Means of Storing up closeup buying power. In the old days, when money was in the form of gold and silver coins, the metal in each was really worth the amount stamped on the coin. But the paper in modern paper money and even the metal in most modern coins are worth very much less than the amount written on them. A of result of As, the buying power of modern money CAN very Greatly the change in a short time.
... .It Is not Surprising, therefore, That some people are doubtful about the wisdom of saving money
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