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What makes hoarding money not beneficial to society?

Updated: 8/19/2019
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Q: What makes hoarding money not beneficial to society?
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What is beneficial agreement?

The beneficial agreement is an agreement (who would have thought?) that means all the members of the agreement (if they bring money to the school) that makes them give some of their money to any of their friends.


What is the advantages of the hoarding?

it prevents unauthorised persons from entering into the site


What is the meaning of hoarding?

Hoarding is storing away food that may become in short supply in the near future. Hiding money round the house is money hoarding. Hoarding usually goes with panic buying - when the selves of stores could quickly be emptied by panic buyers, who will then hoard their purchases in their homes.


What is a person who hoards and saves money?

A person who saves and hoards money is considered a 'miser.'


Is hoarding considered unethical?

depends WHAT you're hoarding. if it's coinage or paper money that has become obsolete u may be in violation of government regulations. hoarding food or water for disaster preparedness isn't unethical unless u can afford to spend millions and deprive others of what they might need. IMHO


Why is it beneficial to save money for the future?

It is beneficial to save money for the future in order to avoid being forced to borrow money to pay for an unforeseen incident. By saving money in the future, you can save money by not having to pay interest on money borrowed.


Do winners of the different Nobel prizes win different amount of money?

yes they do receive different amounts of money; it depends on the contribution the invention makes to society


Why did roosevelt outlaw ownership of gold?

To combat inflation and deflation. Money was backed bt gold then which made hoarding of it by citizens a threat to the value of paper money and other commoditties


How do you Apply for a bailout?

Individuals aren't getting bailed out, and the money isn't even going to mortgages. Banks are hoarding the money and what they do with it is a secred. See the link on Congressional oversight below.


How much money has Oprah Winfrey donated to Africa in the last year?

what makes oprah winfrey a great change to society?


Is it a bad omen to hoard money?

It's not really a bad omen to hoard money, but it is an unwise thing to do. If you think of money as a form of energy, then hoarding it is like preventing your energy from flowing. It is better to keep your life energy symbolically in circulation through the transactions and interactions that are involved in using money in a normal way (earning and spending it). Money really has no value in itself; it is only worth what you can exchange it for. So it is foolish to keep money for its own sake. Thus, hoarding money may not bring you "bad luck," but it's unlikely to make you happy and truly prosperous.


What is Economic society?

The whole society that spend money and earn money for their spesific purposes is called economic society.