Why is it important that money become scarce.

[CALVINDOL]

The scarcity of money is absolutely one of the most important Factor theories about money and a particular individual may really say that the scarcity of money is absolutely one of the main disadvantage of money but sometimes this is not entirely true because the scarcity of money sometimes helps the growth and also the circulation of money . Imagine a society where money is not scarce and what we are trying to picture here is that the city or the society has absolutely position of money in the sense that every individual have money in abundance and so there will be no need to work in order to make money but rather since they have the money in abundance they will all sit at home and enjoy the money that they have .

This intention may sounds very great and interesting at the beginning but if we think and dig deeper we will come to see that there is absolutely a problem when money is not scare . A society without the scarcity of money will lead to the lack of innovative way of production since everyone tends to be lazy and also there will be no hard work and industrialization in the parts of the people . Even the people that we find in the local market that it's in the selling of consumer goods will not be there possibly because there is no need for them to be there since they have money in abundance . So things like this is absolutely a problem .

 

[King bell]

As our world progresses, we are creating more and more money. However, this money is not evenly distributed and the vast majority of it is controlled by a small elite. This inequality is unsustainable and is leading to increased social unrest.

One way to help fix this issue is to make money more scarce. This would mean that there is less money in circulation and that it would be more evenly distributed. This would help to reduce inequality and increase social stability.

There are a number of reasons why making money more scarce is a good idea. Firstly, it would help to reduce the amount of money in circulation. This would mean that there is less money available to be concentrated in the hands of the few.

Secondly, making money more scarce would help to make it more evenly distributed. This would reduce inequality and help to improve social stability.

Thirdly, it would help to reduce the amount of debt in our economy. This is because less money would be available to be lent out, and so the amount of debt would decrease.

Fourthly, making money more scarce would help to increase the value of money. This is because there would be less money available, and so each unit would be worth more.

Overall, there are many good reasons to make money more scarce. Doing so would help to reduce inequality, improve social stability, and increase the value of money.

 

[TOZZIBLINKZ]

Not a great amount of people view the scarcity of money as a good thing but to some extent the scarcity of money is definitely a great feature or characteristics about money . It is absolutely very important that money become scarce this is because it will enable people to work in order to acquire money . Imagine that there is no scarcity of money we absolutely need to laziness and lack of industriousness in the activities and also in the life of people this is possibly due to the fact that majority of people will just sit at their homes and join the money that they have possibly because they have it in abundance . Even the market women that absolutely sell consumer goods in the market will not be any more this is possible because there is absolutely no need to sell goods in the market since they have money in abundance and even the little things that we enjoy everyday will not be any more .

So in as much as we do not agree with the scarcity of money it is advised that to some extent that we should have a great feeling about this because the scarcity of money have somehow herb to keep the burning wheel and ideas of people to bring out great ways to make money online and offline today .

 

[Ithedicious]

The scarcity of money is very important in maintaining the economic standard of the world, because if money was just everywhere the economy of the whole world will have been in jeopardy and people wouldn't look for opportunities to work to earn money, after all they are going to get it anytime they need. This could have led to so many things such as hunger, because people will not be engaging in farming activities that will provide sufficient food for humanities..

Because of the scarcity of money , a lot of people have to work in different ways to haved earning and all the ways people are working directly or indirectly are of great benefit to mankind because if we are concentrating in things that are not of benefit to humanity , we wouldn't earn money from any business we do. Because of this I can say that the scarcity of money is for the benefit of the economy of the world.

 

[Holicent]

The main reason why it is important that money becomes scarce is because it will force people to save more. As money becomes more scarce, people will be forced to save or spend their money on things that are of higher value than before. This will cause an increase in the demand for goods and services, which increases the price of everything and makes everyone's income rise.

In addition, if money becomes more scarce, there will be less inflation and deflation. When there is inflation, you can buy things that you want for relatively cheap prices because prices have risen with the overall value of your money. However, when there is deflation, you can't buy things that you want as easily because prices have fallen with the overall value of your money.

 

[Jasz]

Money is a medium of exchange. When money becomes scarce, it represents a limited resource and has value in terms of its ability to facilitate trade.

Scarcity can be defined as the inability to produce more of something. There are two kinds of scarcity: absolute and relative scarcity. Absolute scarcity is when you have only one unit available; relative scarcity occurs when there are more units than you need but not enough for everyone who wants them.

In a world where money exists, goods and services can be traded for goods and services that have limited availability. If there is too much money in circulation, however, it will take longer for people to get what they want because it will be more expensive for them to acquire goods and services that have become scarce due to being in high demand by others. Scarcity of money greatly has a role to play in our world.

 

[Chibson]

I don't think it makes sense for money to be scarce because if that becomes the case it will plunge a lot of people into poverty. This is why it is very important and necessary that any country employ someone who understands economics very well, because he or she will try as much as possible to run the economy effectively.

Too much money is a circulation is not good and at the same time shortage of money is also not good for a country's economy.

If you look the economy of USA for example there is nothing like shortage of money and at the same time the people are living very fine and their economy is booming. The same thing applies to several European countries like Finland and a lot of others.

I know someone who is in Finland and he said that making €1000 is very simple there because it is a very little money in the country. But the same thing may not be the case if you take the same €1000 to some African countries like Nigeria.

In Nigeria that amount of money is very big but at the same time the economy of Finland is much more better.