People tried to use different tools as money for trading and business during centuries. Some nations requested goods and traditional commodities of their area as money. These products had their own benefits and disadvantages accordingly. I think that paper based money which was invented after these periods can strongly help people for doing their business easier and managing their financial status realistically. Since, money made everything easier due to many logical reasons.
First, money help everyone including governments to value each product manufactured in its country correctly. This helps any individual to buy any specific good for an established price. For example, if you buy a bottle of wine for 2 dollars, it should be 2 dollars in every shop around that city. So, no one can sell any product to a higher arbitrary price.
Another reason which we should take into account is the paper monies shape, size and material. When you trade your product for something other than money, it may have a special material that could be rotten or deteriorate and lose its value eventually. It may have a huge size and cannot be stored properly in any storing facility. In fact, money has a constant value which won’t lose its credit and value if anybody stores it. Also, it is invented in such a way that you can transfer it comfortably. You can give as a lone to any person and get it back later without losing its value. Even you can invest it anywhere you like in any project which will return your money with its benefit. However, other products lack these benefits and therefore, they were put aside in history.
Nowadays, with developments occurred in electronics and computers, paper monies were altered to digital currencies which can be managed easily. They can be sent to other countries without any concern regarding their inherent merit. New currencies have been invented by societies’ enhancements that meet their demand and needs in a developed community.
In conclusion, materials which were used for trading and the paper money which we use have their own pro and cons. But, with economies’ development the need for an established constant thing as a valueable tool found to be necessary.
People
tried to
use
different
tools as
money
for trading and business during centuries.
Some
nations requested
goods
and traditional commodities of their area as
money
. These
products
had their
own
benefits and disadvantages
accordingly
. I
think
that paper based
money
which
was invented
after these periods can
strongly
help
people
for doing their business easier and managing their financial status
realistically
.
Since
,
money
made everything easier due to
many
logical reasons.
First
,
money
help
everyone
including
governments
to
value
each
product
manufactured in its country
correctly
. This
helps
any individual to
buy
any specific
good
for an established price.
For example
, if you
buy
a bottle of wine for 2 dollars, it should be 2 dollars in every shop around that city.
So
, no one can sell any
product
to a higher arbitrary price.
Another reason which we should take into account is the paper monies shape, size and material. When you trade your
product
for something other than
money
, it may have a special material that could be rotten or deteriorate and lose its
value
eventually
. It may have a huge size and cannot
be stored
properly
in any storing facility. In fact,
money
has a constant
value
which won’t lose its credit and
value
if anybody stores it.
Also
, it
is invented
in such a way that you can transfer it
comfortably
. You can give as a lone to any person and
get
it back later without losing its
value
. Even you can invest it anywhere you like in any project which will return your
money
with its benefit.
However
, other
products
lack these benefits and
therefore
, they
were put
aside in history.
Nowadays, with developments occurred in electronics and computers, paper monies
were altered
to digital currencies which can
be managed
easily
. They can be
sent
to other countries without any concern regarding their inherent merit. New currencies have
been invented
by societies’ enhancements that
meet
their demand and needs in a developed community.
In conclusion
, materials which were
used
for trading and the paper
money
which we
use
have their
own
pro and cons.
But
, with economies’ development the need for an established constant thing as a
valueable
tool found to be necessary.