What Makes A Money - 2079 Words

Nick Principali Business Ethics Professor Gil Morejon 12 June 2015 What Is Money? Money. What is it? On the surface, the answer to this question may seem awfully simple; money is what we use to get things we need and want. Yes, it is true that money is used to buy things, yet, upon closer examination it becomes clear that this answer is insufficient in providing us with a comprehensive definition. For example, what exactly about money makes it a valuable commodity that can be exchanged for goods and services? This query alone demonstrates just how obscure the essence of money really is. Considering how ubiquitous money has always been within civilized societies, it seems rather odd that its true nature still remains so enigmatic. Furthermore, how very peculiar it is that this social form which has undoubtedly led us to remarkable advances in technology, medicine, architecture, and many more facets of human life, may also be one of our most self-defeating behaviors as well. In order to understand what money is and its functions in society, one must first understand why it initially came into being. Before money became an established socioeconomic tool, many argue that the primary form of economics was what is known as a barter system. This meant that in order to obtain certain goods or services, individuals would have to trade with one another for that which the other directly desired, a dilemma known as the double coincidence of wants. Another problem with this systemShow MoreRelatedWhat Makes A On Money And Cellphones Essay907 Words   |  4 Pagesour ancestors did, with more reliance on what we can obtain from the environment and less reliance on material goods. Since technology and human development have advanced in exponential ways the last houndred years, the world can easily see how obsessed people have become with material goods. Things like computers, cellphones, televisions and money as well. Now the definition of happiness has changed for many. For some people having money is what makes them happy and it is everything they needRead MoreWhat Makes Your Money Personality?2034 Words   |  9 Pages1. Who are you financially or what is your money personality (for example, what kind of experiences have you had with money)? For the vast majority of my youth, money was neither important nor a priority in my life. I would freely spend whatever little money I earned on the side doing odd jobs for my parents or in town; thinking little of how important this piece of paper in my hand is. But don’t get me wrong, I wasn’t ignorant towards money. I understood the key role it plays in our society; IRead MoreMoney Is What Makes The World Go Around1705 Words   |  7 Pagesmany people around the world. That saying is, â€Å"Money is what makes the world go around.† Every individual in the world has things and items they need or wish to have. In the modern world, currency is used to purchase every one of those items whether it be a basic need or a selfish desire. In order to have a shelter for living, an individual has to purchase one for a price or even multiple payments every month. In the United States, a person has to use money to buy basic needs such as food, water, andRead MoreWhat Make s Airline Save Money Or Maintenance Facilities Cut Costs?1784 Words   |  8 Pagescheaper material from overseas to manufacture their parts or they also enter into contracts with international companies to do the manufacturing for them. Airports make almost half of their revenue from non-aeronautical services and products. Airlines save money by not serving olives in their salads. One of the first ways that airlines save money is by fuel hedging. Southwest airlines paid $3.4 billion less in fuel costs between 1994 and 2001 doing just this. Fuel hedging is when an airline enters intoRead MoreQuestions On Financial Institutions : A Brokerage Firm Is A Non Depository Financial Institution1138 Words   |  5 Pages1. What are brokerage firms? A brokerage firm is a non-depository financial institution. What happens is an individual will deposit money into a brokerage firm and a broker will place the money. The broker will place the money into a stock, bond, or any type of investment. The brokerage firm makes money by the amount they make on the particular investment. Most of the money will go to the individual, but the brokerage firm will take a set percentage. 2. What are depository and nondepositoryRead MoreMoney Can Buy Happiness1523 Words   |  7 Pagesintense joy. Every single thing in the world which brings contentment or joy costs money and therefore, it is money which brings happiness. Nothing can be yours without money being spent either by the person experiencing this happiness, or by others spending money so that they can be happy. For example, even people who are contented with sustenance and covering will realize that both food and shelter costs money. Turn on the news and watch people dying of starvation, do they look happy? They appearRead MoreCollege Athletes Deserved to Be Paid1703 Words   |  7 PagesCollege Athletes Deserve To Be Paid Almost every week there is some sort of story that makes the news about a university breaking the NCAA rules. The debate is bigger than ever to start paying college athletes to play sports. It does not matter which sport it is, athletes need more than just a scholarship to pay for expenses outside of tuition, room, and board. A scholarship is strictly limited to these, but what about the expenses outside of those? It is time to start paying college athletes to playRead MoreHappiness Essay1131 Words   |  5 PagesWhat makes a person happy? Happiness is an endless path in life. Everyone has a different opinion about what makes them happy. People have always been attentive to the issue of what makes humans happy. However, getting a large amount of money is a pursuit for many people, especially the young generation around the world. In the article, â€Å"Get Happy† by Walter Mosley, he states how, â€Å"Happiness is considered by most to be a subset of wealth† (87). Quote above explains how money is the first thingRead MoreThe Biggest Network Marketing Secret Revealed ! Essay997 Words   |  4 Pagesbelieve in network marketing or MLM. You re just working to make the people above you rich, and you never make a dime. Seriously? The problem is, many people think this way. It s one of the oldest Network Marketing Myths there is. What they don t even realize, is that statement is more true when you work at a regular job every day. When you re hired for a job, you get paid (hopefully) what the going rate is, not necessarily what you are worth. Now your job has to be one that provides an endRead MoreThe Dangers Of Credit Cards1167 Words   |  5 PagesDangers of Credit When you get a credit card you would feel as if spending money is painless and easy. Using cash will cause you to think because it would disappear for every, making it more of a harder thing to do. Making credit cards easier to spend money on causing people to go into debit. How do people go into debt ? Credit card organizations don t just give people money because they want to be nice. Those companies count on people being forgetful or not responsible causing