What is Money?

Money is a choice too, A cappuccino and cake. Money is defined as an object that does not enter preferences or production and is available in fixed supply. The main proposition proves that any allocation that is feasible in an environment with money is also feasible in the same environment with memory. Money is the product of virtue, but it will not give you virtue and it will not redeem your vices. Money will not give you the unearned, neither in matter nor in spirit.

Money is more than just a useful tool, as some economists have argued; while money is certainly useful, human behavior towards it can't be explained just by its utility. The drug metaphor helps demonstrate how the motivation for money often extends past its actual utility. Money is what money does. To be a good medium of exchange, money must be accepted by people when buying and selling their productive resources and when buying and selling goods and services. Money is not evil, and many religions falsely claim that to have wealth is inherently evil. It is one's belief in money that is the root of many problems, not the money itself.

Gurmit is a financial expert. He is a licensed mortgage expert. To get in touch with Gurmit, please visit his website www.gurmitsingh.ca