Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Money's Role in Our Society
Importance of money in societies
The role of money in society
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Money's Role in Our Society
Can a person’s worth be measured? Every person’s value or purpose in life is quantifiable by the economic worth of each individual. Those who are a burden to society by not being able to reach financial balance and must rely on others to provide and therefore are seen as dispensable. This is book argues that human life has no worth and we are only valued for what we can provide for those around us. Thus, those who can provide more to those around us are more successful in life. Within the book The Unit, a single person’s purpose and value in life is quantifiable to the economic worth of every other individual. Every individual’s life is dictated by paper and coins. Without money, you cannot buy food, clothes, shelter or the necessities needed …show more content…
This was a major thought in the book The Unit. A major quote that stood out is, “Life and existence have no value in themselves. We mean nothing; not even those who are needed mean anything. The only thing of real value is what we produce” (Holmqvist 119). One of the characters of the book expresses that human life itself has no worth. Society is similar to an assembly line, everyone can be replaced and someone else will always be able to do your job or service, making us dispensable. The Unit made it clear that if you had nothing you could contribute to the rest of the society, you were considered dispensable and were of no use. These people that were labeled as dispensable were then made valuable by having tests and studies done on them, thus benefiting the economy they lived …show more content…
Money is an economic driving factor because socially we must provide for ourselves and the ones we care about. It can also be argued that money isn’t everything and that being well off financially doesn’t lead to happiness. Having more money these days does provide an ease in life; and wouldn’t often measured by the being able to care for loved ones bring happiness? Wouldn’t it be a relief to know that your loved ones and future generations to come will be financially safe? Our purpose in life is to benefit the society we live by working hard and contributing our skills for the good of those around us. If we have no job and contribute nothing, then an individual has no importance. The society in The Unit followed these beliefs. Any individual who was unemployed for extended periods of time and was unable to reproduce, were taken
Money is sweeter than honey but can be destructive. It simplifies a man’s life while a lack of it confines him in the streets of poverty. It raises his social status while an absence of it leaves him unnoticed. It gives him a feeling of superiority and importance among others, while a shortage of it makes him worthless
There is no amount that can be given to degrade ourselves as human beings. Even if we have wronged someone or something has wronged us, that doesn’t give off less value. No matter what you do we are all created with rights that can never be taken from us because we all withhold a value and a sense of belonging in life. On the website real clear politics, author Michael Gerson writes an article “The Value of a Human LIfe” and discusses how much the human life is worth. He states “there is no human right to forfeit all our rights. And our dignity exists even if we cease to see it.” This quote insinuates that we all have rights as humans that can not be taken away and we all withhold self-worth even if we can not see it within ourselves. It is crucial to understand that although you may devalue yourself, you are still important and obtain life within
Being human means to be unique and to be constantly striving for a better life. The community is shaped by every individual’s desire and path to acquire a life worth living. The individual’s desire for a fulfilled life is molded by the interactions and experiences one may encounter. It is through these experiences, that one discovers his or her place within their community. However, just because the individual is striving for the best that life can offer, does not mean that the ideas and morals of the individual coincide with that of the collective community. Through this potential dissonance between the human and community, one may find that the achievement of a life lived to the fullest is brought about by the resolution of conflict between
John Stuart Mill believes in a utilitarian society where people are seen as “things.” Moreover, in utilitarianism the focus of the goal is “forward-looking”, in looking at the consequences but not the ini...
... value ordering. Goldman says life does not hold value in itself; instead most individuals derive the meaning of life from their accomplishments and happiness to the point where individuals may even risk their health and lives to attain those. As established before about paternalism in a medical contest, it is only the patient’s true values that can be primary determinants of their futures.
However, the sociologist of today argue it’s economic inequality of important occupational workers underpaid (elderly residential nurses, teachers) vs. Individual title in nonessential roles (sports, entertainment) overpaid. Poverty has positive contributions in a functional sense but doesn’t have economic reward it deserves like people in higher stratification levels.
Money is a necessity in everyday life within the modern world and there are different ways to define money due to a variety of perceptions and views held by a wide range of people. However it is widely accepted that money is defined as a tool that serves as a medium of exchange, a unit of account which means that it is an agreed measure for recording the prices of goods and services, and a store of value. It also has to be firstly acceptable as a medium of exchange, durable, convenient for usage and finally divisible. There are different types of money which are Commodity Money, Convertible Paper Money, Fiat Money which isn’t convertible, Private Debt Money which are deposits and Composite Currencies such as the Euro.
For some, happiness is all that matters. Happiness is achieved in many ways, and it doesn’t always involve money. There are many things that contribute to making a person feel happy and successful. One can feel successful without a lot of money at all. For example, feeling loved is something that makes everyone happy. Many believe that without love life is not thoroughly complete, thus never truly achieving success. Ones line of work can also affect how happy he is. Some feel that it is more important to enjoy work and get less money than it is to hate work and get paid more. Another factor in achieving psychological success is ones ability to enjoy what life gives him. There are many qualities of life that are overlooked. Everyone is dealt family and it is important to value that.
Money has evolved with the times and is a reflection of the progress of man. Early money was itself a physical commodity, grain, gold or silver. During the vital stage, more symbolic forms of money such as certificates of deposit, bank notes, checks, letters of credit, bonds and other forms of negotiable securities came into prominence. Social development transformed money in to a trust, “In God We Trust' it says on the back of the ten-dollar bill.” (The Ascent of Money, 27) Today money is faith in the person paying us and belief in the person issuing the money he uses or the institution that honors his money. This trust has no end it can be extended to a greater number of individuals.
In Maslow’s theory, the needs of belongingness, esteem and self-actualization are placed in higher hierarchies of physiological as well as safety needs. In other words, only when people’s basic needs and safety are ensured, will they begin to pursue higher level of needs. Whereas, it is not exactly true. The theory can not apply to the starved poets, the eremites who cut off the contact with society or the mountaineers caring less about security on his way to reach the top (Kremer and Hammond, 2013). All those people can be idealists that disregard physiological and safety needs but care more about self-actualization. It can be seen that people’s needs vary from person to person. Therefore, there is no doubt that Maslow’s theory is proved to be wrong. Also, it is evident that all the human needs are equal. Even if the individuals’ physiological and safety needs are not fulfilled, they still have the strong desire to be loved, receive respect and achieve their life objectives. Tay and Diener (2011) pointed out that whether other needs were satisfied had slight effect on the relevance of subjective well-being (SWB) with the fulfillment of particular needs. To be more specific, in the workplaces, employees work not only for salary to ensure their physiological and safety needs, but also for life evaluation at the same time. If
It is evident that inequality (social or economic differences between people or groups, which often leads to unequal opportunity, and treatment) is present all around us, even in modern day Britain. There is a view that because of the inequalities, some social groups suffer more in terms of life chances. This means that these individuals may be limited in their ability to share in the economic and cultural goods of society, such as education, health and employment.
The economics, as an independent subject has already existed in this world for a long time. Maybe some people believe that the knowledge which is contained in economics is so far from them that it is not necessary to consider about is. Actually, economics always hides in our daily life and effects decisions what we made. Once I have hold the same opinion of economics is not really my business, but I do not think like this any more after I studied this subject. Economics no longer acts as an abstract terminology lying on the textbook far away from me, this word became meaningful and I am sure it will make some changes not only in my mind, but also in my future life.
Almost everyone in our society engages in economic decision making at some point. Budget constraints influence us all and our economic decision making. In a perfect world, the sum of all our expenses should never exceed the availability of our money. The basis of economic decision making is one’s desire to maximize benefits while minimizing costs. “Economist reason that the optimal decision is to continue any activity up to the point where the marginal benefit equals the marginal cost – in symbols, where MB=MC.” Hubbard, R.G. & O’Brien, A.P. (2013).
If the money is the building blocks of the economy; then the interest rate is the price of those building blocks. The interest rate is the cost, the firms, and the individuals, will have to pay for the use of the money, the price is expressed as a percentage of the amount borrowed.
The invention of money was a major improvement in peoples’ lives. In the past, people usually had to travel all day to find the person who is willing to exchange their goods. In addition, the goods people want to exchange did not have the standard value of measurement. This led to unequal exchanges. Furthermore, it is not convenient to carry heavy goods from one place to another for an exchange. To solve these issues, money will be the only solution. Later, people tend to develop money from cowry shells to credit cards for the convenience and to improve their society.