How essential is the use of money to our existence.

[TOZZIBLINKZ]

The essentiality of money is basically saying on how evolved our planet Earth has been today and in fact without the existence of money human beings would have not evolved into the state of modernization and technology because for a certainty money has been used as a resourceful assets and a resourceful tool that has greatly impacted the existence of mankind and if we were to count or mention how beneficial the use of money is to us well to be sincere it is totally inexhaustibly mentioned . Before money was being brought into existence mankind was absolutely practice in the commercial activity of trade by barter so as to see our needs and wants get satisfied and comfortabled . But to some extent this commercial activity known as trade by barter was not effective and in fact it lead to various problems and issues , one of the major problems of the trade by barter system which is also being taught in schools and college of education is today is known as a problem of double coincidence of wants .

What that means is that , for an individual to get what he or she wants but has something to exchange for thats he wants , he or she must definitely look for someone who totally is in need of what he or she has to exchange and also have in his or her possession what he or she wants . Believing you understand this you can agree with me that this indeed was a big issue and problem . The trade by barter system for the heart problems such as: no accumulation of wealth , no investment activities and finally the problem of improper scale of goods and services .

 

[CALVINDOL]

We cannot totally measure how important or beneficial the existence of money has totally impacted the life of human beings because for what we know money is a very important tool and resource that totally helps individuals like you and I to sufficiently acquire the needs and wants that we totally desire and in fact without the existence of money in human beings would have still been practicing the commercial activity of trade by barter . Before money was involved human beings were initially practicing the commercial activity of trade by barter and basically what that involve is that we need to exchange goods for the goods we want and that's absolutely lead to a whole lot of problems some of which include the problem of double coincidence of wants and the problem of no measurements of resources and no accumulation of wealth .

After that as man get closer to the age of modernization and technology the existence of money was being brought and was recognised and accepted as the general means of exchanging goods and services by human beings an up-to-date we have totally and continuingly felt the impact .