Mikes smithen
Verified member
The usage of money is absolutely important to the existence of human being and without money our existence as human beings definitely be influenced and affected by a whole lot of negativities. It is highly important that we appreciate the benefits in which money has definitely impacted into our environment as human beings. Majority of individuals wish to achieve financial freedom as well as wealth in abundance, but we can be sure of this intention only if we appreciate the value of money. For the purpose of this thread we are basically coming to discuss how life would have turned out to be if money wasn't brought into existence. But first we need to understand that long before money was established or brought into existence individuals were practicing the financial activity of trade by barter which involves the trading of goods for other goods. This method of financial activity was absolutely cumbersome, burdensome, difficult for individuals to store of value, and most importantly it makes we individuals to faces the problem double coincidence of wants. Without wasting much time, let us consider some of the things that would have resulted if money wasn't in existence:
BARTER SYSTEM: just as explained above, people would exchange goods and services directly with one another, without the need for a medium of exchange like money. For example, a farmer might exchange some of his crops for a doctor's services.
LESS INEQUALITY: Without money, there would be no accumulation of wealth. This could lead to a more equal distribution of resources and opportunities in society.
NON-MONETARY INCENTIVES: People might be motivated to work for reasons other than financial gain, such as personal satisfaction, social recognition, or the desire to contribute to the common good.
MORE SELF-SUFFICIENT COMMUNITIES: Without the need for money, people would be more inclined to rely on their local communities for goods and services, rather than relying on global supply chains.
BARTER SYSTEM: just as explained above, people would exchange goods and services directly with one another, without the need for a medium of exchange like money. For example, a farmer might exchange some of his crops for a doctor's services.
LESS INEQUALITY: Without money, there would be no accumulation of wealth. This could lead to a more equal distribution of resources and opportunities in society.
NON-MONETARY INCENTIVES: People might be motivated to work for reasons other than financial gain, such as personal satisfaction, social recognition, or the desire to contribute to the common good.
MORE SELF-SUFFICIENT COMMUNITIES: Without the need for money, people would be more inclined to rely on their local communities for goods and services, rather than relying on global supply chains.
