Question

ASL speech on money

Answer 1

                                                 Money

As in mathematics zero has its own value like that money has its own value. For living a luxurious life for human being money is very necessary thing. As the trees and animals are found in all places, in the same way everywhere we require money also. To live in society and to maintain our position and status in the society, we need money. For Eating food or drinking water, clothing, to enter in the school, or to take medicine for treatment in hospital or for other purposes, we need a lot of money. Now the question arises that how to obtain the necessary money. For this we have to work hard to and study well, so that we can get a good job or, we can open our own business.

In old time, due to rich persons pressure the poor people suffer many problems. Rich people’s did not respect poor people’s and give them salary in small amounts. But now due to government, there is a improve in the salary of poor people’s. Government given the every right to poor people’s also as equally to rich people’s. Now equal opportunity for education is given to poor people’s also, so that they can also get any good job. Many people think that money gives rise to the evil in people's minds; I don’t think so, because thinking is a function of the human body and not the money.

I understand and agree with that the money is very important for our joy, which God has gifted us. It totally depends on people’s how they use money as some people think that nothing is better than love but some person thinks that money is everything and for earning money they went against the laws. They can do any crime act such as murder, robbery, corruption, taking bribe etc. So, it totally depends on person to person how they make use of money.

Answer 2

Money is a wonderful invention of man. In the primitive-society human needs were simple and limited. In course of time Barter system prevailed and commodity to commodity exchange came into existence. So, direct exchange of goods for goods is known as barter system. With the passage of time and growth of civilisation, human wants multiplied.

Neither it was possible to be self-sufficient nor was it possible to carry on exchange through the barter system. The importance of money stems from the fact that it does away with the main inconveniences of barter system.

Money came into picture to facilitate exchange. Now-a-days, we realise the significance of money in the field of consumption, production, exchange, distribution and public finance.

Now-a-days, commodities are exchanged for money and with that money we can have the commodities (or services) we require (it is known as C-M-C exchange system).

However, direct exchange of goods for goods (barter system) continued for a pretty long period of time. People experienced the difficulties of barter system. The difficulties of barter system like;

1. Lack of double coincidence of wants;

2. Lack of common measure of value;

3. Difficulty of sub-division;

4. Absence of store of value and

5. Difficulty in transfer of value paved the way for the invention of money.

Money plays a crucial role in the determination of income, output, employment, general price level and it is significant in the field of consumption, distribution, exchange, public finance etc.

So it is worthwhile to know the meaning of money.