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What things can money represent?

Updated: 11/2/2022
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7y ago

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In the simplest terms, money represents the labor to provide something of value to others. Money is a symbol.

If a farmer needs fuel, he could trade potatoes for fuel, but how many potatoes does the person with fuel need in relation to the amount of fuel that the farmer needs? By using money, trade of goods and services is simplified.

As societies have become more complex, money represents more diverse forms of transactions. Today, many (most?) transactions never involve actual money. Transactions are done by transferring numbers between accounts by Credit and Debit Cards, on-line transactions, electronic money transfers (direct deposit), etc.

On an emotional level, money represents different things to different people; things like security for the present and the future, a feeling of accomplishment or success, an image of power, etc.

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7y ago
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