Published May 16, 2021
3 mins read
668 words
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Economics
Academics and Education
Money-Making

Why Do We Need Money To Survive In This World?

Published May 16, 2021
3 mins read
668 words
Investment

Now a days without the money the person can’t survive in the world. Everyone is trying to earn money online or by doing their daily jobs because to spend that money for daily life needs and have a peaceful place to live in.In olden days the people were living without money and riches, But now can’t.

Now, let me tell you about India. In India the people were living without money but infact the money was not invented. Before independence of India the people were getting the needed thing by getting the thing exchanged which is known as “barter system”.

Eg: If a person needs a clothes and opposite person needs 100 gram of tea, and both opposite person have the required things to give each other. This leads to barter system

But there are some of the disadvantage which lead to exists of money in India. The following are disadvantages:

  1. When the opposite person doesn’t have the item which a individual want.
  2. When the person produces more amount of items like wheat then it becomes difficult for the person to exchange and there were also no storage warehouses available.
  3. When one person has 100 gram wheat to exchange and the opposite one had 2 meter of cloth, than the person can change the items but doesn’t have any justice for exchanging the item. There will be imbalance between the items.

As we have seen that the above problem were there. Now, let’s understand that how the money came into exist. The following are the problem which slowly got solved and at last the money came into exist in india:

  • In olden day before independence in India, the people were doing barter system.
  • But as we saw that barter system has many disadvantage and difficulty, so than they started purchasing and selling the animal in exchange of goods.
  • Now, the farmer think that there is much expense behind the animal and even they get sick, ill very faster. so, they thought to sell and purchase the land for getting the items.
  • Now, this was not affordable for the farmers and this brought the money in exist.

Then RBI was established in 1935 and nationalised in 1949. Still in many of the villages and cities there the banks were not established but now the Situation has still improved.

Because of the more facilities the people ran behind the money. Some may have the really bad situation who can not have at least one meal a day so they really needs money to earn. The people are watching them and thinking to earn more money to not to see the days or situations like them.now a day, no body can survive in the world without money. Everyone wants the royal life but they didn’t think that its not easy to earn money and live a royal life.

Money makes people mad but not all of them. Some people try to live in the situations and accept the situation and face it.

Money is needed by the people in world. We need money to survive in the world. Money has become a medium of exchange in our life and this has few of the advantages too which are as follows :

  • Due to barter system the exchange were imbalance but when money got exist then its very easy to measure and know amount of the item.
  • Now the farmers who produces more crops like wheat they can easily sell items and earn money and can even save money to fulfill their basic needs for future. Not only them even we can save the money for fulfillment of our needs.
  • The problem of measuring the different item became easier with the help of money.

So at last to survive in the world you should earn money but by hard work and putting your much effort and to fulfill your goals and dreams.

STAY HOME AND STAY SAFE. AND YES YOU CAN EARN MONEY ONLINE.

 

#money
#earnmoneyonlie
#RBI
#EARNMONEY
#MONEY
#MONEYNEEDS
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anki 5/16/21, 12:51 PM
1
𝑮𝒓𝒆𝒂𝒕 𝒘𝒓𝒊𝒕𝒕𝒆𝒏.. 𝒅𝒐 𝒍𝒊𝒌𝒆 𝒂𝒎𝒅 𝒓𝒆𝒂𝒅 𝒎𝒚 𝒃𝒍𝒐𝒈 𝒂𝒍𝒔𝒐..
1
atul9942 5/16/21, 4:11 PM
1
Perfectly and precisely written...keep it up ! Guys also please have a look on my content and if you like it please follow me
1
rahil22 5/16/21, 4:55 PM
1
Please Read my blog also
1
deepa.dey 5/16/21, 5:05 PM
You are right that money is important for survival... but in India before independence we were living in barter system era..?? Like really?? It sounds faulty.. kindly check🙏 Barter system abolished a long back..
mayank.ji 5/17/21, 3:58 AM
1
Money is the medium to buy any consumable product for human beings. nicely you wrote also check my blogs too i hope you will like them don't forget to give me a follow i will too.😊
1
dia_arclight 5/17/21, 9:24 AM
DO PLEASE FOLLOW MY ACCOUNT .. LIKE AND SHARE ALSO..

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