Question

What are the two evils of money(social economics)

Answer 1

The two evils of money are economic defects and social effects of money.

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Answer 2

Answer:

The two evils of money are:

1. Unequal distribution of wealth and money: Today’s structure of the economy is such that there is no regulatory body to monitor the flow of money. The society is aggressively moving towards the concept of “The fittest Survives” which is apt for wildlife.
2. Wastage of resources: The ones who have the capacity (purchasing power) to buy natural and scarce, don’t use it judicially since they don’t mind paying extra to utilize the resource. However, they fail to understand natural resource is a common resource and cannot be owned by anyone.