0
Certainly, it would seem money is necessary in today's global society. However, noticing the economic disparity in the global economy, it makes you wonder why things have turned out this way. Money was created to create a singular format for trading goods and services. This was because people worked to live, not so much to accomplish things.
Because resources were scattered and fewer in number, older societies used currency to manage those resources.
So the real determining factor in money's necessity is to evaluate the reason for its existence. If resources are abundant and readily available to everyone, then there is essentially no need for money. Of course, in such a resource-based society, the community itself would need to take initiative to grow, assemble, build, and manage transportation and services themselves. However, if everyone has equal resources, paying someone money for that work would be fairly redundant.
So if you have a community that's willing to contribute a bit of time and do some work for the betterment of society, not for material gain, then money would not be necessary.
What else can I help you with?
Is a budget always necessary Why?
If there is a limited amount of money, a budget is necessary. This means that a budget is almost always necessary. The reason is that a budget keeps spending in control. By knowing how much money can be spent on one thing, such as clothing, one can know that there will be money left over to buy another thing, such as groceries.
What are your monthly money expenses?
My monthly money expenses include rent, utilities, groceries, transportation, and other necessary bills.
Why is fractional reserve banking system necessary?
To enable banks to loan out money to make a profit.
Can someone send money to another person's credit card?
Sure. As long as all the necessary information is included. If the person didn't want to be identified, they could use a money order.
How do you word an invitation if you are having a money tree at a retirement party and no gifts are necessary but if they want they can put a donation on the money tree?
This is a charity party! Giving to a good cause. No gifts needed! All money will go to "so on and so forth"
A home phone is not necessary and a waste of money with cell phone technology.?
A home phone is not necessary and a waste of money with cell phone technology.
Why money is necessary your life?
If money is not a thing that can change everything, It's not worth for me.
Why is it necessary to declare money at customs?
It is necessary to declare money at customs to prevent money laundering, tax evasion, and illegal activities. Declaring money helps authorities track the movement of large sums of money across borders and ensures compliance with regulations.
Why do farmers need money in Ghana?
Because it necessary
Is spending more money for marriages is necessary or not?
Of course!
What condition is necessary for fiat money system to work?
The government must control the money payment.
Why is a budget necessary?
If there is a limited amount of money, a budget is necessary. This means that a budget is almost always necessary. The reason is that a budget keeps spending in control. By knowing how much money can be spent on one thing, such as clothing, one can know that there will be money left over to buy another thing, such as groceries.
Is a budget always necessary Why?
If there is a limited amount of money, a budget is necessary. This means that a budget is almost always necessary. The reason is that a budget keeps spending in control. By knowing how much money can be spent on one thing, such as clothing, one can know that there will be money left over to buy another thing, such as groceries.
Why is math used for banks?
Math is necessary when dealing with money.
How much money is the Phillies worth?
more than necessary
Why computer is necessary these days?
Because they cost lots of money to trow away lololol
What is the reason why information is necessary for a wise consumer?
Save money at least
