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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.
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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 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"
What is the subject of the sentence to buy a car it is necessary to have money?
The simple subject of the sentence is "it", in apposition to the infinitive phrase "to have money". Also, since the initial infinitive phrase ("to buy a car") is adverbial, it should be followed by a comma.
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.
Is spending more money for marriages is necessary or not?
Of course!
Why do farmers need money in Ghana?
Because it necessary
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.
What condition is necessary for fiat money system to work?
The government must control the money payment.
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.
How much money is the Phillies worth?
more than necessary
Why is math used for banks?
Math is necessary when dealing with money.
Why computer is necessary these days?
Because they cost lots of money to trow away lololol
Is it necessary to have a queen of England?
no she just takes money and gets in the way
What is the reason why information is necessary for a wise consumer?
Save money at least
