Money Is Your Means Of Survival Essay

Money Is Your Means Of Survival Essay

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The Meaning of Money pamphlet stated that, “Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them.” The quote is able to relate to the Source of Wealth; since money is so valuable it would be used to “...purchase products and services which increase the monetary units..” Without men to produce products or items, money cannot be exchanged and therefore, no trade. By producing more products or items, it would lower the value of each dollar that’s already in the circulation, resulting an inflation. The quote is also related to the video “iPencil: trade and specialization”, exchange and trade, in similar terms, happens between two people or a corporation. Since money are used to exchanged to get a product or service from someone else, that person that would exchange or trade for their labor or resources would get money.
In the The Meaning of Money booklet, the quote "Money is your means of survival." would relate to The Source of Wealth excerpt. In the Source of Wealth, Adam Smith had stated that to make wealth with no “manipulation of the money supply by government,” there 's a need for innovation, hard work, savings as well as investments. Money, considering it is valuable, is used to purchase things that 's needed; products and services. The value of money is extremely important to the society, especially since people use it to buy what they need and want. Some people were encouraged to spend more to get what you need to survive which resulted as an inflation.
The quote from the pamphlet, “...it is the best performance, the man of best judgement and highest ability...and the degree of a man’s productiveness is the degree of his reward.” can be related to the summary of Market ...


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...ith other people who also put in their effort.
The last quote that I chose is “Try to obtain your food by means of nothing but physical motions—and you 'll learn that man 's mind is the root of all the goods produced and of all the wealth that has ever existed on earth.” The "Entrepreneur as Hero" used to compare to the quote due to the fact that entrepreneurs start with the draft of their ideas first before actually creating them. Malcom McLean (was also referenced in another paragraph) had created an idea of how making shipment on ships more efficient and not to have any hard labor or accidents. The quote linked to video because the quote stated “...man’s mind is the root of all the goods produced…” as well as the wealth that existed on Earth. It shows how entrepreneurs’ use their creativity to make inventions or used their ideas to make the society more efficient.

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