essay introduction on money

Essays About Money: Top 5 Examples and 6 Prompts

With money comes great power; however, power must always come with responsibility. Discover thought-provoking essays about money in our guide.

Money is everywhere. We use it to eat, drink, clothe ourselves, and get shelter, among many other uses. Nowadays, it is an undisputed fact that “money makes the world go round.” The earliest known form of money dates back to around 5,000 years ago ; trade was previously carried out using a barter system. However, over the centuries, more and more nations began implementing a currency system, and money has become more critical. 

In the contemporary world, it seems to be “all about money.” However, it is important not to lose sight of what is important; we must maintain good physical and mental health and healthy relationships with the people around us. Money is necessary; it is just not the only thing necessary. To start your essay, read these examples to write insightful essays about money. 

5 Top Examples On Essay About Money

1. essay on money by prasanna, 2. how money changed human history by jacob wilkins, 3. capitalism: money that make money by ernestine montgomery, 4.  is money the most important thing by seth higgins.

• 5. ​​An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

1. good uses for money, 2. the “dark side” of money, 3. money’s role in history, 4. morality vs. money, 5. can money buy happiness, 6. how to save money.

“Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money”

This essay gives readers a general outlook on money and its advantages and disadvantages. It gives people equal opportunity to work for their dreams and motivates them to be productive members of society, while it also raises the question of greed. Money, without a doubt, has its positive and negative aspects, but it exists and is only becoming more critical.

“But the barter economy was flawed. There was no universal measure for determining the value of an item. It was all based on the subjective opinion of the individuals involved. And to make matters worse, the barter economy relied on both sides wanting something the other had to offer. Trade, therefore, could be sluggish and frustrating. Human beings needed something different, and money was the answer.”

Wilkins writes about how money revolutionized the way trade was conducted. The barter system involved trading any objects if both parties agreed to a deal, such as trading animal skins for fish or medicine for timber. However, the only measure of an item’s value was how much one party wanted it- both sides needed to have something the other wanted. The introduction of money allowed people to put a solid value on commodities, making trade easier.  

“So, if you were to closely observe the dirty, disordered canvas of economic progress during the 20th and 21 st century, you should conclude that, for all its warts, capitalism has been the winner. It has sometimes caused pain; suffered from serious cycles; and often needed the clout of the state- such as we have seen from September 2008. It has also been quite resistant to sensible regulation. Even so, the basic institutions of capitalism have worked, not just in the US and the OECD (Organization for Economic Co-operation and development) nations, but also many developing countries, of which India is one.”

Albeit lengthy, Montgomery’s essay discusses the debate between socialism and capitalism, a topic of which money is at the core. Montgomery describes Karl Marx’s criticism of capitalism: all the money goes to a few people, not the workers. She believes these are valid to an extent and criticizes certain forms of capitalism and socialism. Neither capitalism nor socialism is perfect, but according to Montgomery, capitalism creates a better economy. 

“Being the richest man in the world does not mean you are the happiest man in the world, although money can buy you happiness sometimes, but not always. If we could all appreciate the way life is, the fun, and the beauty I think the world would be better. If people weren’t power hungry maybe we’d have a lesser demand for money. Those people who is money hungry and power hungry need to relax. Money can’t buy you happiness. These individuals need to understand that.”

Higgins implores readers to remember that money is not the only thing people need in the world. He stresses the necessity of money, as it is used to pay for various necessary goods and services; however, he believes it is not a prerequisite for happiness. Material things are temporary, and there are other things we should focus on, like family and friends. 

5. ​​ An Introduction to Saving Money by Jeremy Vohwinkle

“A financial emergency may take the form of a job loss, significant medical or dental expense, unexpected home or auto repairs, a hurricane or major storm, or something unthinkable, such as a global pandemic. The last thing you want to do is to rely on credit cards with their hefty interest fees or to be forced to take out a loan. That’s where your emergency fund can come in handy. Historically, the formula for an emergency account is to have enough readily available cash to cover three to six months of living expenses.“

Vohwinkle’s essay gives readers some suggestions on how to save more money. Most importantly, he suggests setting up an emergency fund, as all other saving techniques stem from there. He also suggests creating an automatic savings plan and cutting down on “spending leaks,” like buying coffee. You might also be interested in these essays about celebration .

In this essay, write about why money is necessary and the ways to use it for the greater good, and include ways in which it can be used (investing, donating, etc.). For each point, you make, be sure to explain why. Of course, this is entirely subjective; feel free to write about what you consider “good uses” for money. 

On the other hand, money also has a negative side —research on money-related issues, such as taxpayer-funded corruption and trading of illegal goods. In your essay, explore this side of money and perhaps give solutions on how to stop these problems. 

Money has played a progressively more important role throughout human history. Discuss the development of currency and the economy, from the barter system to the digital world we live in today. You need not go too in-depth, as there is a lot of ground to cover and many eras to research. Be sure to cite reputable sources when discussing history. 

Many people warn of “selling your soul” for financial gain. In your essay, you can write about the importance of having solid values in this day and age, where money reigns supreme. What principles do you need to keep in mind? Explain how you can still value money while staying grounded; mention the balance between material needs and others. 

As stated in Higgins’ essay, more people have begun to prioritize money over all else. Do you believe that money is truly the most important thing? Can it alone make you happy? Discuss both sides of this question and choose your position accordingly. Be sure to provide precise supporting details for a stronger argument. 

Enumerate tips on how you can save money. Anything works, from saving certain things for special occasions to buying more food in the grocery rather than eating out. This is your opinion; however, feel free to consult online sources and the people around you for extra advice. 

For help with your essays, check out our round-up of the best essay checkers .If you’re still stuck, check out our general resource of essay writing topics .

Essay on Money

Introduction to The Power and Perils of Money

“Where Money Talks, Values Listen.”

Money is a fundamental aspect of modern society, serving as the lifeblood of economies and a cornerstone of daily life. Money holds immense significance in our lives, from facilitating transactions to influencing social dynamics. In this essay, we delve into the multifaceted nature of money, exploring its origins, functions, and profound impact on individuals and society.

As we navigate the complexities of money, we’ll unravel its historical roots, examine its various forms and functions, and delve into its role as a catalyst for economic growth and social change. Furthermore, we’ll explore the intricacies of personal finance, discussing the importance of financial literacy and responsible money management in achieving financial stability and well-being.

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Beyond its economic implications, we’ll also explore the broader societal effects of money, including its role in shaping social hierarchies, perpetuating economic inequality, and influencing political landscapes. Ultimately, this essay aims to provide a comprehensive understanding of the significance of money in our lives, shedding light on its profound impact on both individual prosperity and societal dynamics.

Origin and Evolution of Money

Money has been an essential part of human civilizations for thousands of years in all its manifestations. From basic barter systems to complex financial tools of the present day, money has always been important. Understanding the origin and evolution of money provides crucial insights into its significance and impact on society.

1. Barter Economy and the Emergence of Money:

• Barter System: In primitive societies, individuals engaged in barter, exchanging goods and services based on mutual needs, with each person trading one commodity for another. Limitations of the barter system, including the “double coincidence of wants,” led to inefficiencies and logistical challenges.
• Evolution to Commodity Money: Commodity money emerged as a solution to the shortcomings of barter, with certain items, such as cattle, grains, or precious metals, gaining widespread acceptance as mediums of exchange. Commodity money possessed intrinsic value and was universally recognized, facilitating trade and commerce across regions.

2. Development of Metal Coins:

• Introduction of Metal Coins: Metal coins, particularly gold and silver, emerged as standardized forms of currency in ancient civilizations, including Mesopotamia, Egypt, and Greece. Metal coins facilitated trade by providing a convenient and durable medium of exchange, standardized in terms of weight and purity.
• Coinage and State Authority: The minting of coins became centralized under the authority of states and rulers, leading to the establishment of monetary systems and the issuing of official currency. Coinage symbolized the sovereignty and power of states, with rulers often inscribing their images and symbols on coins as a means of propaganda and control.

3. Transition to Fiat Money:

• Rise of Paper Money: With the expansion of trade and commerce, the need for a more flexible and portable form of money led to the introduction of paper currency. Paper money initially represented claims to a specific quantity of precious metals, serving as promissory notes issued by banks and governments.
• Decoupling from Precious Metals: Over time, central banks and governments gradually abandoned the linkage between paper money and precious metals, transitioning currencies to fiat money and deriving their value from the trust and confidence of users rather than intrinsic value. Adopting fiat money allowed for greater flexibility in monetary policy and facilitated the expansion of credit and financial markets.

4. Evolution of Digital and Cryptocurrencies:

• Digital Currency: Digital currencies, electronic records with monetary value saved in digital form, result from the Internet’s and electronic banking’s development. Digital currencies, such as electronic bank transfers and payment systems, revolutionized how money is transferred and accessed, offering convenience and efficiency.
• Cryptocurrencies: Blockchain -based cryptocurrencies, like Ethereum and Bitcoin , are examples of decentralized digital money. Cryptocurrencies provide increased privacy, security, and decentralization but also present regulatory and stability concerns because they function independently of governments and central banks.

The Basic Need for Money

• Meeting Basic Needs: Money is essential for meeting basic human needs, such as food, shelter, clothes, and healthcare. Access to money enables individuals to purchase necessary goods and services for survival and well-being, ensuring a decent standard of living.
• Facilitating Economic Transactions: Money serves as a medium of exchange, enabling the exchange of goods and services in the marketplace. It enables individuals to engage in economic transactions, buy goods, pay for services, and participate in economic activities that contribute to economic growth and development.
• Access to Education and Skills Development: Money is necessary for education and skills development opportunities. Investing in education and training enhances individuals’ knowledge, skills, and employability, leading to better job prospects and higher earning potential.
• Healthcare and Medical Services: Money is vital for healthcare services and medical treatment. Individuals require financial resources to pay for medical expenses, health insurance, and access to quality healthcare facilities, ensuring their physical well-being and addressing health-related concerns.
• Housing and Shelter: Money is essential for securing housing and shelter providing individuals and families with a safe and stable living environment. Access to affordable housing options requires financial resources for rent, mortgage payments, or property ownership, ensuring adequate housing for individuals and communities.
• Transportation and Mobility: Money facilitates transportation and mobility, enabling individuals to travel for work, education, healthcare, and recreational purposes. Access to transportation choices, such as public transit, vehicles, or ride-sharing services, requires financial resources to cover transportation costs and maintain mobility.
• Emergency Preparedness and Resilience: Money is crucial for building emergency funds and financial resilience. Having savings and financial resources enables individuals to prepare for unexpected expenses, emergencies, and financial setbacks, providing a safety net during challenging times.
• Social and Recreational Activities: Money plays a role in accessing social and recreational activities that contribute to overall well-being and quality of life. Participating in leisure activities, entertainment, and social events often requires financial resources to cover expenses related to leisure pursuits and social engagements.

The Role of Money in Society

Money is a cornerstone of societal structures, influencing economic activities, social relationships, and individual well-being. Its multifaceted role extends beyond a mere medium of exchange, encompassing various functions integral to modern societies’ functioning.

1. Economic Significance of Money:

• Facilitating Trade and Commerce: Money acts as a universally accepted medium of exchange, facilitating the soft flow of goods and facilities in the market. Eliminating the need for direct barter enhances efficiency and encourages specialization in production.
• Measurement of Value: Money provides a common unit of account, allowing for the standardized measurement of the value of different goods and services. This function enables individuals to compare prices, make informed decisions, and confidently engage in economic transactions.
• Economic Growth and Development: A stable and reliable monetary system fosters economic growth and development . Governments and central banks use monetary policy tools to regulate money supply, interest rates, and inflation to maintain economic stability.

2. Social Significance of Money:

• Influence on Social Status and Power: The possession of wealth and financial resources often correlates with social status and power within a community. Economic disparities can create social hierarchies, impacting individuals’ access to opportunities and resources.
• Impact on Lifestyle and Standard of Living: The availability of financial resources influences an individual’s lifestyle and standard of living. Money provides access to education, healthcare, housing, and other essential services, shaping the quality of life for individuals and communities.

3. Money and Personal Finance:

• Importance of Financial Literacy: Financial education empowers people to make informed decisions about earning, spending, saving, and investing. Understanding the principles of personal finance is essential for achieving financial security and long-term well-being.
• Managing Personal Finances: Budgeting, saving, and investing are key to effective personal finance management. Individuals must make strategic financial decisions to meet their short-term and long-term goals.
• Psychological Aspects of Money: People often tie money to their emotions and psychological well-being. Developing a healthy money mindset involves understanding one’s relationship with money and addressing any emotional factors that may impact financial decisions.

4. Impact of Money on Society:

• Economic Inequality: The distribution of wealth and income in society can contribute to economic inequality. Addressing issues of inequality requires a nuanced understanding of the role of money and the implementation of policies that promote equitable wealth distribution.
• Consumerism and Materialism: Money influences consumer behavior , contributing to a culture of consumerism and materialism. Society’s emphasis on material possessions can impact individuals’ values and priorities.
• Influence on Politics and Governance: Money plays a significant role in political processes, affecting campaigns, lobbying, and policy decisions. The intersection of money and politics raises questions about transparency, accountability, and the democratic process.
• Environmental Implications: Economic activities driven by the pursuit of profit can have environmental consequences. Balancing economic growth with environmental sustainability requires careful consideration of the environmental impact of monetary and economic policies.

Functions of Money

• Medium of Exchange
• Money is a widely acknowledged medium of exchange for goods and services, facilitating transactions between buyers and sellers.
• It eliminates the inefficiencies of barter by providing a common unit of value that simplifies the exchange process.
• Unit of Account:
• Money provides a standardized unit of measurement for the value of goods and services, permitting easy comparison of prices and making economic calculations more efficient.
• It enables individuals and businesses to express the relative worth of different goods and services in terms of a common currency.
• Store of Value:
• Money serves as a store of value, permitting individuals to hold and accumulate wealth over time.
• Unlike perishable goods or assets with fluctuating value, money retains its purchasing power over extended periods, providing a reliable means of preserving wealth.
• Standard of Deferred Payment:
• Money facilitates transactions involving future obligations by serving as a medium for deferred payments.
• Contracts, loans, and other financial agreements often stipulate payments in a specific currency, with money as the standard for settling debts and fulfilling obligations.
• Money’s high liquidity enables it to be readily convertible into goods, services, or other assets without experiencing a significant loss of value.
• Its liquidity enables individuals to quickly access funds for urgent expenses or investment opportunities, contributing to economic flexibility and efficiency.
• Measure of Value:
• Money is a measure of value, providing a common denominator for expressing the worth of different goods and services.
• Its role as a measure of value facilitates economic decision-making, allowing individuals to assess the relative utility and worth of various goods and services.
• Facilitates Specialization and Efficiency:
• Money enables specialization and division of labor by allowing individuals and businesses to focus on producing goods and assistance in which they have a comparative advantage.
• Specialization leads to increased productivity and efficiency, driving economic growth and prosperity.
• Portability and Durability:
• Money is highly portable and durable, making it a convenient medium of interaction for transactions of varying sizes and distances.
• The physical forms of money (such as coins and banknotes) and their digital representation ensure ease of transportation and storage, contributing to its widespread use in modern economies.

The Ethics and Morality of Money

While essential for economic transactions and societal functioning, money raises ethical and moral considerations beyond its economic utility. From wealth distribution issues to the impact of financial decisions on individuals and society, exploring the ethical dimensions of money sheds light on complex moral dilemmas and societal values.

• Wealth Distribution and Economic Inequality: One of the most significant ethical concerns about money is the unequal distribution of wealth and income within societies. Critics argue that extreme wealth disparities contribute to social injustice and perpetuate systemic inequalities, raising questions about fairness and equity.
• Social Responsibility of Wealth: Accumulating wealth brings with it a moral obligation to contribute to society’s well-being. Concepts like philanthropy, corporate social responsibility, and impact investing highlight the ethical imperative for individuals and organizations to use their financial resources for the greater good.
• Ethical Consumption and Consumerism: Consumerism fueled by the pursuit of material wealth raises ethical questions about consumption patterns’ environmental and social impact. Ethical consumption movements advocate for mindful spending and sustainable lifestyles that consider the broader consequences of consumer choices.
• Ethics in Financial Services: The financial industry operates within a complex ethical landscape, with issues like transparency, conflicts of interest, and fair treatment of clients coming under scrutiny. Ethical codes of conduct and regulations aim to promote integrity and trust in financial services, ensuring that financial professionals prioritize the interests of their clients.
• Debt and Financial Vulnerability: Ethical considerations arise in lending practices, particularly regarding the responsible provision of credit and the treatment of borrowers, especially those in vulnerable financial situations. Predatory lending practices and exploitative debt arrangements raise ethical concerns about the consequences of financial transactions on individuals’ well-being.
• Corruption and Financial Crime: Money laundering, bribery, and other forms of financial crime undermine the integrity of financial systems and pose ethical challenges to businesses, governments, and individuals. Ethical frameworks and legal regulations aim to combat financial corruption and promote accountability and transparency in financial transactions.
• Psychological Impact of Money: Money’s influence on individuals’ attitudes, behaviors, and relationships raises ethical questions about the psychological effects of wealth and materialism. The pursuit of wealth can lead to ethical dilemmas related to greed, envy, and the prioritization of financial gain over other values.
• Cryptocurrency and Ethical Considerations: Emerging digital currencies, such as cryptocurrencies, introduce new ethical considerations related to privacy, security, and the potential for illegal activities like money laundering and fraud. Ethical discussions surrounding cryptocurrencies also touch on financial inclusivity, decentralization, and the democratization of finance.

Financial Education

Financial education is essential to enable people to make informed decisions concerning their money, investments, and overall economic well-being. It covers many topics, from basic budgeting and savings to more complex concepts like investing, debt relief, and retirement planning. The need for financial literacy is huge in today’s complex financial world, where individuals are more accountable for their financial future.

• Foundational Knowledge: Basic financial concepts like income, expenses, budgeting, and savings are the first things students learn about when they start their financial education. Comprehending these underlying concepts establishes the foundation for prudent financial judgment and accountable handling of finances.
• Budgeting and Saving: Effective budgeting and saving are essential for financial education. Individuals learn how to create and stick to a budget, allocate funds for essential expenses, savings, and discretionary spending, and build an emergency fund to weather unforeseen financial challenges.
• Debt Management: Financial education teaches individuals about managing debt responsibly, including understanding different types of debt, interest rates, and repayment strategies. It emphasizes the importance of avoiding excessive debt and using credit wisely to maintain financial health.
• Investing and Wealth Accumulation: Investing is a key aspect of financial education, enabling individuals to grow their wealth over the long term. Topics covered may include understanding investment options (stocks, bonds, mutual funds, etc.), risk tolerance, asset allocation, and strategies for assembling a diversified investment portfolio.
• Retirement Planning: Financial education helps individuals plan for their future financial security, including retirement. It covers retirement savings vehicles (e.g., employer-sponsored retirement plans, IRAs), estimating retirement expenses, and developing a strategy to achieve retirement goals.
• Risk Management and Insurance: Understanding risk management and insurance is integral to financial education. Individuals learn about different types of insurance (e.g., health, life, property) and how insurance can mitigate financial risks and protect against unexpected events.
• Financial Decision-making: Financial education supplies individuals with the knowledge and skills to make instructed financial decisions based on their goals, values, and circumstances. It encourages critical thinking and evaluating financial products and services, empowering individuals to navigate the financial marketplace effectively.
• Economic Empowerment: Financial education is a tool for economic empowerment, particularly for marginalized communities and underserved populations. Promoting financial literacy and capability helps individuals build financial resilience, reduce vulnerability to financial exploitation, and achieve greater economic independence.
• Lifelong Learning: Financial education is a lifelong journey with changing financial circumstances and economic conditions. It emphasizes the importance of ongoing learning, staying informed about financial trends and developments, and adapting financial strategies as needed throughout life.
• Social and Policy Implications: Financial education has broader social and policy implications, influencing financial inclusion, economic mobility, and societal well-being. Policies that promote financial education in schools, workplaces, and communities can contribute to building a financially literate society and reducing financial disparities.

Money in the Digital Age

• Digital Payments and Transactions: The addition of digital payment methods, including mobile wallets, online banking, and peer-to-peer payment platforms, has reshaped the conduct of transactions. Digital payments offer convenience, speed, and accessibility, allowing individuals to transfer funds, make purchases, and manage finances seamlessly across various digital channels.
• Cryptocurrencies and Blockchain Technology: Cryptocurrencies, such as Bitcoin and Ethereum, represent a decentralized digital currency powered by blockchain technology. Blockchain technology enables secure, transparent, and tamper-proof transactions without intermediaries like banks or financial institutions.
• Financial Inclusion and Access: The digitalization of money can promote financial inclusion by delivering access to financial services for underserved populations. Digital payment platforms and mobile banking services empower individuals in small areas or underserved communities to participate in the formal financial system.
• Challenges and Risks: Despite the benefits, the digitalization of money presents challenges and risks, including cybersecurity threats, data privacy concerns, and regulatory challenges. Fraud, hacking, and data breaches highlight the importance of robust cybersecurity measures and regulatory frameworks to protect consumers and maintain trust in digital financial systems.
• Central Bank Digital Currencies (CBDCs): Central banks are exploring the vision of central bank digital currencies (CBDCs) as a digital alternative to traditional fiat currencies. CBDCs combine the advantages of digital currencies with the stability and regulatory oversight provided by central banks, potentially reshaping the future of money and monetary policy.
• Smart Contracts and Decentralized Finance (DeFi): Smart contracts, facilitated by blockchain technology, automate and enforce the words of contracts without intermediaries. Decentralized finance (DeFi) leverages blockchain and innovative contract technology to create decentralized financial services outside traditional banking systems, including lending, borrowing, and trading.
• Cross-Border Transactions and Remittances: Digital currency and blockchain technologies promise to stream international transfers and reduce expenses and inadequacies linked to conventional remittance systems. Cryptocurrencies and stablecoins offer an alternative means of transferring value globally, bypassing traditional banking channels and intermediaries.
• Regulatory Landscape and Policy Considerations: Governments and officials face regulatory hurdles due to the rapid evolution of digital currency. Regulatory frameworks must actively update to consider the changing landscape of digital finance to preserve consumer protection, financial stability, and compliance with know-your-customer (KYC) and anti-money laundering (AML) regulations.

Money is a cornerstone of modern society, serving as a medium of exchange, store of value, and facilitator of economic activities. Its significance extends beyond financial transactions, impacting individuals’ access to basic needs, economic opportunities, and overall well-being. Understanding the multifaceted role of money is crucial for promoting financial literacy, responsible money management, and equitable access to financial resources in today’s complex socioeconomic landscape.

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Home — Essay Samples — Economics — Money — Why Money Rules the World

Why Money Rules The World

• Categories: Consumerism Money

About this sample

Words: 521 |

Published: Jan 31, 2024

Words: 521 | Page: 1 | 3 min read

Table of contents

Historical perspective, economic dominance, social influence, political control, environmental impact.

• British Museum. "History of Money." https://www.britishmuseum.org/.
• World Inequality Database. https://wid.world/.
• American Psychological Association. "Consumerism and its discontents." https://www.apa.org/.
• Center for Responsive Politics. "OpenSecrets: Data on Money in Politics." https://www.opensecrets.org/.
• United Nations Environment Programme. https://www.unep.org/.

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Essay on Money | Money Essay for Students and Children in English

February 13, 2024 by Prasanna

Essay on Money: The concept of money was invented somewhere in 5000 B.C by a few traders in Western Europe. Ever since the invention, different countries have adopted it and started printing their own money with specific values, which was usually backed by gold. But before money was invented, trading used to happen with a system called a barter system, where you could buy one product or service with an exchange of another product. This is basically a brief history of money.

For centuries, money has been, gradually, incorporated into every corner of our lives. Not to sound cliché, but the entire world runs on one simple thing called money. Thanks to those traders hundreds of years back, our lives now entirely revolve around the man-made concept of money.

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Long and Short Essay on Money in English for Children & Students

In this article, we provide a 600-word long essay on money for school children for projects and assignments. We also provide a 200-word short essay on money for school and college assignments and project work.

Long Essay on Money

A very informative 400 to 600-word long essay on money for school and college projects and assignments can be found below.

While not everything is about money, we will have to come at a point of realization where we simply cannot live without money. It’s a hard truth. But isn’t the world being too negative about money? No essay on money will make sense if it is just about history and facts. So let us see how money has impacted our lives. Just like every attribute in our society, money has two sides. The evil and the good.

What’s the Good Side of Money?

When we say our lives revolve around money and everyone is just chasing it, it is usually considered with a negative connotation. Not everything about money should be taken in a bad light. The whole concept of money and capitalism has given people livelihood, better standards of living and most importantly an equal platform for everyone to work hard and fulfill their dreams.

Trust and Convenience of Money

Money is one of the biggest and most valuable and trustworthy forms of trade in which businesses can thrive and consumers can be saved from fraud and cheating. One of the biggest plus points of money is the trust factor it carries with it. Imagine having to carry out the barter system even today, where, to get a kilo of rice, you need to give a kilo of wheat. Sounds funny, isn’t it?

Equality of Money

This is, surprisingly, one thing that can bring people from different walks of life to agree upon. Money can buy you a good standard of living, it can buy you respect and value in society. Every person, irrespective gender, race, ethnicity or creed will be provided with an equal level playing field to earn money and lead a better life

Motivation and Direction of Money

Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money

What is the Evil Side of Money?

Well, not everything is hunky-dory about our financial systems. It would only be fair to talk about the disadvantages of money also to have a well-informed essay on money.

Whether it is capitalism or socialism, democracy, or communism or where its India or China, our system of money in the world has many cracks and fault lines within it.

• Broken system: If the concept of money in its pure form was used properly, there would have been equality on all scales and levels in the world. But, the reality is far from our imagination. The hierarchical system, in both capitalism or socialism, has created an immense amount of inequality and large gaps in income. It is true that more than 90% of the world’s wealth is in the hands of 2% of the population. If this is not a sign of a broken system, then we don’t know what is
• Greed: We need to understand the difference between desire and greed. When the fine line between the two is made more visible, then maybe our world will start healing itself. We are not necessarily talking about individual greed for money, but we are talking about issues on a much larger scale. Businesses are solely running to make profits, the government is more concerned about saving the economy than their own people or the environment we live in. The greed for money is destroying our nature, creating an imbalance in the natural cycle of the world and led us into wars, famine, poverty and pandemics.

Short Essay on Money

A short essay on money with a word limit of 150 to 200 can be found below for school assignment and projects

We can’t deny the fact that we cannot live without money. Money is undoubtedly the more important thing to live a happy and content life. Sure, the money will help us buy our dream car or impress and give a dignified life for our parents, but we also need to remember that there is more to life than just earning money.

Money can make or break many things, but like any other thing in the world, money also needs to have limits and should be used judiciously. The gap between rich and poor is because of poorly planned financial systems and an immense amount of greed which is a pet of human tendency

On a big picture level, governments need to fix the broken financial systems and modify our capitalist and socialist mindsets to create for ourselves a better world and leave an even better society to our next generation.

10 Lines on Money Essay

• Money is the only trustworthy and convenient way of trade
• The money we use is guaranteed and backed by our government
• Money, collected in the form of tax, helps us create a better environment for us
• Earning money will give people hope and direction to lead a happy life
• Money doest just buy tangible things like car or house, money also helps you earn respect and dignity in the society
• Hard work, responsibility and dedication is what reflects in a person’s character if they have a good amount of money
• Money is the core factor in all type of economies like a capitalist, socialist and communist economies
• Money has provided equal opportunities for everyone in the world
• Wrong use of money and greed has led to certain world issues like terrorism, pandemics and famine
• The difference between the amount of money rich and poor has, reflects loopholes and problems in our system

FAQ’s on Essay on Money

Question 1. What if the concept of money was not there?

Answer: We would be back to our age-old barter system. Globalization and industrialization would never be possible and each country and each village in the country would be self-sufficient and isolated

Question 2. Is money good or bad?

Answer: This is one of the most daunting questions that economists, leaders and other experts are pondering upon for years. There is no simple answer, but the present system, if modified well, can make money the best thing in the world.

Question 3. Why can’t governments just print money?

Answer: Every money, even a Rs. 1 is backed by government securities, usually in gold or dollars. If we print more than the security we have, our fiscal deficit will increase, which means that the value of money will get reduced as it will be available everywhere to everyone. It is a simple supply and demand theory.

Question 4. What are the different types of money?

Answer: In terms of value and currencies, we have dollar, rupees, pounds, yuan and many more for each country. In terms of physical existence, we have digital money (like bitcoins) and hard paper-based cash. In terms of tangibility, we have hard cash, commodities, fiduciary, representative and fiat money.

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• School Education /

Essay On Money: 100, 250 Words Samples

• Updated on  
• Nov 9, 2023

Why do you think money is important? Can we live without money? Does money have its own value? What’s the difference between hard money and digital money? When we plan on buying something, we have to pay a certain amount. Let’s say you want to buy a wristwatch worth $50. How do you compare that commodity with money? Do they have equal value? Is there any authority that states the value of money ? These and several other questions about money can make one wonder why money is given so much importance. Let’s go in-depth with an essay on money and find answers to all these questions.

Table of Contents

• 1 What is Money?
• 2 Why is Money So Important?
• 3 Essay on Money in 100 Words
• 4 Essay on Money in 250 Words

Also Read: Essay on Chandrayaan – 3

What is Money?

According to Wikipedia and Oxford Dictionary, Money is simply a medium of exchange. Some even consider money as one of the most important resources , which is used to make transactions of goods, services, or repayment of debts within a specific country or socio-economic context.

Money can have various forms, coins and banknotes in physical form, and electronic balances in bank accounts in digital forms. Money serves as a unit of account, facilitating the measurement of value in terms of prices, and as a store of value, allowing individuals to save purchasing power for future use.

Learn Why Financial Literacy is Important for Students.

Why is Money So Important?

What makes money such an important resource is its acceptance across the globe in multiple transactions and services. From serving as a medium of exchange to facilitating financial activities, the importance of money goes beyond our everyday needs. Here are several reasons stating the importance of money.

• Money serves as a convenient medium of exchange that facilitates the buying and selling of goods and services, making transactions more efficient than barter systems.
• It provides a standardized unit for measuring the value of goods, services, and assets, allowing for easier comparison and assessment of value across different items.
• Money enables individuals and businesses to store wealth and purchasing power over time, facilitating savings and investment for future needs and goals.
• A stable and reliable monetary system encourages investment, trade, and economic growth, fostering overall prosperity within an economy.
• By using money, individuals and businesses can avoid the high transaction costs associated with bartering and the inefficiencies of non-monetary exchange systems.
• The use of money encourages specialization in the production of goods and services, leading to increased productivity and efficiency within an economy.
• Money is essential for the functioning of financial markets, banking systems, and investment activities, which are crucial for the allocation of resources and capital within an economy.

Also Read: Essay on National Unity Day 

Essay on Money in 100 Words

El dinero or money is used as a medium of exchange, unit of account, and store of value. It facilitates trade, allowing for the smooth exchange of goods and services, while also enabling efficient allocation of resources and encouraging economic growth. As a unit of account, it provides a standardized measure of value, simplifying the comparison of different goods and assets. 

Moreover, money acts as a store of value, allowing individuals to save and plan for the future. Its role in reducing transaction costs, enabling specialization, and supporting complex financial activities highlights its significance in the functioning of contemporary economies.

Essay on Money in 250 Words

Modern economics is heavily dependent on money or we can say that money is the pillar of modern economies. As a medium of exchange, it simplifies trade by providing a universally accepted method of payment for goods and services, eliminating the inefficiencies and limitations of barter systems. Its characteristic fosters the development of complex market systems, encouraging specialization and the efficient allocation of resources.

Apart from being a medium of exchange, money functions as a unit of account, providing a standardized measure of value that enables individuals to compare prices and evaluate the worth of different goods and services. This uniformity in valuation streamlines commercial activities and allows for effective planning and decision-making in both personal and business contexts.

Money serves as a store of value, allowing individuals to save and accumulate wealth over time. This feature empowers people to prepare for future expenses, emergencies, or long-term goals, providing a sense of security and stability in an uncertain world.

In addition to its role in daily transactions , money fuels economic growth by facilitating investment, entrepreneurship, and innovation. Financial institutions utilize money as a tool to allocate capital efficiently, enabling the development of new businesses, industries, and technologies that contribute to overall economic prosperity.

Money plays multiple roles in our lives; it is a physical or digital representation of currency; it is a fundamental pillar of modern economies, underpinning the intricate web of commercial activities, financial systems, and societal well-being. Its importance lies not only in its tangible properties but also in the complex functions and structures it supports within the global economic framework.

Also Read: How to Prepare for UPSC in 6 Months?

Money is globally accepted as a medium of exchange in multiple transactions and services. From serving as a medium of exchange to facilitating financial activities, the importance of money goes beyond our everyday needs. To buy goods or services, you are required to pay a certain amount, which is fulfilled by paying money. 

To write an essay on money, you need to highlight the key aspects of this essential resource. The multiple transactions in which money is used in our day-to-day lives make money an important part of our lives. Give examples of how money can change our lives and what would happen if we were out of money. Highlight the latest trends in the financial sector and what governments are doing to save our money from inflation. 

Here are the 5 strongest currencies in the world: Kuwait Dinar (KWD), Bahraini Dinar (BHD), Omani Rial (OMR), Jordanian Dinar (JOD), and Gibraltar Pound (GIP).

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With an experience of over a year, I've developed a passion for writing blogs on wide range of topics. I am mostly inspired from topics related to social and environmental fields, where you come up with a positive outcome.

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• Knowledge Base
• How to write an essay introduction | 4 steps & examples

How to Write an Essay Introduction | 4 Steps & Examples

Published on February 4, 2019 by Shona McCombes . Revised on July 23, 2023.

A good introduction paragraph is an essential part of any academic essay . It sets up your argument and tells the reader what to expect.

The main goals of an introduction are to:

• Catch your reader’s attention.
• Give background on your topic.
• Present your thesis statement —the central point of your essay.

This introduction example is taken from our interactive essay example on the history of Braille.

The invention of Braille was a major turning point in the history of disability. The writing system of raised dots used by visually impaired people was developed by Louis Braille in nineteenth-century France. In a society that did not value disabled people in general, blindness was particularly stigmatized, and lack of access to reading and writing was a significant barrier to social participation. The idea of tactile reading was not entirely new, but existing methods based on sighted systems were difficult to learn and use. As the first writing system designed for blind people’s needs, Braille was a groundbreaking new accessibility tool. It not only provided practical benefits, but also helped change the cultural status of blindness. This essay begins by discussing the situation of blind people in nineteenth-century Europe. It then describes the invention of Braille and the gradual process of its acceptance within blind education. Subsequently, it explores the wide-ranging effects of this invention on blind people’s social and cultural lives.

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Table of contents

Step 1: hook your reader, step 2: give background information, step 3: present your thesis statement, step 4: map your essay’s structure, step 5: check and revise, more examples of essay introductions, other interesting articles, frequently asked questions about the essay introduction.

Your first sentence sets the tone for the whole essay, so spend some time on writing an effective hook.

Avoid long, dense sentences—start with something clear, concise and catchy that will spark your reader’s curiosity.

The hook should lead the reader into your essay, giving a sense of the topic you’re writing about and why it’s interesting. Avoid overly broad claims or plain statements of fact.

Examples: Writing a good hook

Take a look at these examples of weak hooks and learn how to improve them.

• Braille was an extremely important invention.
• The invention of Braille was a major turning point in the history of disability.

The first sentence is a dry fact; the second sentence is more interesting, making a bold claim about exactly  why the topic is important.

• The internet is defined as “a global computer network providing a variety of information and communication facilities.”
• The spread of the internet has had a world-changing effect, not least on the world of education.

Avoid using a dictionary definition as your hook, especially if it’s an obvious term that everyone knows. The improved example here is still broad, but it gives us a much clearer sense of what the essay will be about.

• Mary Shelley’s  Frankenstein is a famous book from the nineteenth century.
• Mary Shelley’s Frankenstein is often read as a crude cautionary tale about the dangers of scientific advancement.

Instead of just stating a fact that the reader already knows, the improved hook here tells us about the mainstream interpretation of the book, implying that this essay will offer a different interpretation.

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Next, give your reader the context they need to understand your topic and argument. Depending on the subject of your essay, this might include:

• Historical, geographical, or social context
• An outline of the debate you’re addressing
• A summary of relevant theories or research about the topic
• Definitions of key terms

The information here should be broad but clearly focused and relevant to your argument. Don’t give too much detail—you can mention points that you will return to later, but save your evidence and interpretation for the main body of the essay.

How much space you need for background depends on your topic and the scope of your essay. In our Braille example, we take a few sentences to introduce the topic and sketch the social context that the essay will address:

Now it’s time to narrow your focus and show exactly what you want to say about the topic. This is your thesis statement —a sentence or two that sums up your overall argument.

This is the most important part of your introduction. A  good thesis isn’t just a statement of fact, but a claim that requires evidence and explanation.

The goal is to clearly convey your own position in a debate or your central point about a topic.

Particularly in longer essays, it’s helpful to end the introduction by signposting what will be covered in each part. Keep it concise and give your reader a clear sense of the direction your argument will take.

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As you research and write, your argument might change focus or direction as you learn more.

For this reason, it’s often a good idea to wait until later in the writing process before you write the introduction paragraph—it can even be the very last thing you write.

When you’ve finished writing the essay body and conclusion , you should return to the introduction and check that it matches the content of the essay.

It’s especially important to make sure your thesis statement accurately represents what you do in the essay. If your argument has gone in a different direction than planned, tweak your thesis statement to match what you actually say.

To polish your writing, you can use something like a paraphrasing tool .

You can use the checklist below to make sure your introduction does everything it’s supposed to.

Checklist: Essay introduction

My first sentence is engaging and relevant.

I have introduced the topic with necessary background information.

I have defined any important terms.

My thesis statement clearly presents my main point or argument.

Everything in the introduction is relevant to the main body of the essay.

You have a strong introduction - now make sure the rest of your essay is just as good.

• Argumentative
• Literary analysis

This introduction to an argumentative essay sets up the debate about the internet and education, and then clearly states the position the essay will argue for.

The spread of the internet has had a world-changing effect, not least on the world of education. The use of the internet in academic contexts is on the rise, and its role in learning is hotly debated. For many teachers who did not grow up with this technology, its effects seem alarming and potentially harmful. This concern, while understandable, is misguided. The negatives of internet use are outweighed by its critical benefits for students and educators—as a uniquely comprehensive and accessible information source; a means of exposure to and engagement with different perspectives; and a highly flexible learning environment.

This introduction to a short expository essay leads into the topic (the invention of the printing press) and states the main point the essay will explain (the effect of this invention on European society).

In many ways, the invention of the printing press marked the end of the Middle Ages. The medieval period in Europe is often remembered as a time of intellectual and political stagnation. Prior to the Renaissance, the average person had very limited access to books and was unlikely to be literate. The invention of the printing press in the 15th century allowed for much less restricted circulation of information in Europe, paving the way for the Reformation.

This introduction to a literary analysis essay , about Mary Shelley’s Frankenstein , starts by describing a simplistic popular view of the story, and then states how the author will give a more complex analysis of the text’s literary devices.

Mary Shelley’s Frankenstein is often read as a crude cautionary tale. Arguably the first science fiction novel, its plot can be read as a warning about the dangers of scientific advancement unrestrained by ethical considerations. In this reading, and in popular culture representations of the character as a “mad scientist”, Victor Frankenstein represents the callous, arrogant ambition of modern science. However, far from providing a stable image of the character, Shelley uses shifting narrative perspectives to gradually transform our impression of Frankenstein, portraying him in an increasingly negative light as the novel goes on. While he initially appears to be a naive but sympathetic idealist, after the creature’s narrative Frankenstein begins to resemble—even in his own telling—the thoughtlessly cruel figure the creature represents him as.

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Your essay introduction should include three main things, in this order:

• An opening hook to catch the reader’s attention.
• Relevant background information that the reader needs to know.
• A thesis statement that presents your main point or argument.

The length of each part depends on the length and complexity of your essay .

The “hook” is the first sentence of your essay introduction . It should lead the reader into your essay, giving a sense of why it’s interesting.

To write a good hook, avoid overly broad statements or long, dense sentences. Try to start with something clear, concise and catchy that will spark your reader’s curiosity.

A thesis statement is a sentence that sums up the central point of your paper or essay . Everything else you write should relate to this key idea.

The thesis statement is essential in any academic essay or research paper for two main reasons:

• It gives your writing direction and focus.
• It gives the reader a concise summary of your main point.

Without a clear thesis statement, an essay can end up rambling and unfocused, leaving your reader unsure of exactly what you want to say.

The structure of an essay is divided into an introduction that presents your topic and thesis statement , a body containing your in-depth analysis and arguments, and a conclusion wrapping up your ideas.

The structure of the body is flexible, but you should always spend some time thinking about how you can organize your essay to best serve your ideas.

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McCombes, S. (2023, July 23). How to Write an Essay Introduction | 4 Steps & Examples. Scribbr. Retrieved September 15, 2024, from https://www.scribbr.com/academic-essay/introduction/

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Essay on Money Is Everything

Students are often asked to write an essay on Money Is Everything in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Money Is Everything

What is money.

Money is something you use to buy goods and services. It is coins and paper notes that people work to earn and spend to get what they need or want.

The Power of Money

Money can seem like it controls everything. It helps us get food, a home, and clothes. It also lets us enjoy fun activities, like movies or sports.

Money and Happiness

Some people think money brings happiness because it makes life easier. But it’s important to know that love, friendship, and health also matter a lot.

Money and Education

Money pays for school and books, which is important. Education helps us learn new things and get better jobs in the future.

250 Words Essay on Money Is Everything

Introduction to money.

Money is often said to be very important in our lives. It is the thing we use to buy food, clothes, and a home. Without money, it is hard to live comfortably. Some people believe that money is everything. Let’s explore this idea.

Money for Basic Needs

Firstly, we need money for basic things like food, water, and a place to live. These are things everyone must have to survive. If we don’t have money, getting these basics can be very hard. That’s why many say that money is needed for a good life.

Secondly, money helps us get a good education. Schools cost money, and without it, learning can be difficult. Education is important because it gives us knowledge and helps us get better jobs in the future.

Money for Happiness?

Some people think that money can buy happiness. It is true that money can buy things that make us happy, like toys, games, and vacations. But money cannot buy love or friendship. These are feelings that are free and can make us very happy without spending any money.

Money and Power

Lastly, money can give people power. With lots of money, a person can make big decisions and have more control over their life. But, having too much focus on money can sometimes lead to being selfish or unfair to others.

500 Words Essay on Money Is Everything

Money is like a key that opens many doors. It is what people use to buy food, clothes, toys, and many other things we need or want. When we talk about money, we mean the coins and paper notes we save in piggy banks or bank accounts. Money helps us trade what we have for what we want.

Money and Basic Needs

Imagine wanting to eat your favorite snack. To get it, you need money to buy it from a store. This is true for all the basic things in life, like a place to live, food to eat, and clothes to wear. Without money, it would be very hard to live because we need these things every day. Money helps people get these basic needs, which is why some people believe that money is everything.

Money and Health

When you get sick, you go to a doctor, who helps you feel better. But going to the doctor costs money. Medicines that cure our sickness also cost money. If someone does not have money, it can be tough to get healthy. This is another reason why people think money is very important.

Some people say that money can buy happiness because it lets you do things that make you happy. For example, if you love playing video games, you need money to buy a game console. Or if you enjoy going on trips, you need money to travel. Money can help us have fun and enjoy life, which makes us happy.

Money and Helping Others

Money is not the only thing.

It is important to remember that money is not the only thing that matters. Love, friendship, and kindness do not need money. You cannot buy a true friend with money, and you cannot pay for someone to love you. These things are very important, too.

Money is a big part of our lives. It helps us buy what we need and what we want. It is important for living, learning, staying healthy, and having fun. Money can also help us help others. Even though it is very important, it is not the only thing that matters. Love and friendship are also parts of a happy life, and they do not come with a price tag.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

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Essay on Money 200+ Words

Money, a concept deeply ingrained in our daily lives, plays a pivotal role in our society. It serves as a medium of exchange, a measure of value, and a store of wealth. In this essay, we will explore the significance of money, backed by statistics, examples, and expert opinions.

The History of Money

Money has a fascinating history that dates back thousands of years. According to renowned historian Niall Ferguson, the earliest forms of money were simple items like shells or grains used for trade. Over time, coins and paper currency were introduced, revolutionizing commerce.

Money as a Medium of Exchange

One of money’s primary functions is to facilitate trade. It allows us to exchange goods and services efficiently. Imagine a world without money, where we had to barter directly for everything we needed. Money simplifies transactions, making our lives easier.

Money as a Measure of Value

It serves as a universal measure of value. It allows us to compare the worth of different goods and services. For example, a loaf of bread costs a certain amount of money, and we can easily determine its value compared to other items like milk or eggs.

Money as a Store of Wealth

Saving money enables us to store wealth for the future. Financial expert Warren Buffett advises, “Do not save what is left after spending, but spend what is left after saving.” Money invested wisely can grow over time, providing security and opportunities.

Economic Growth and Prosperity

Economists like Milton Friedman have shown that a stable monetary system is crucial for economic growth. Money allows businesses to expand, creates job opportunities, and fosters innovation, contributing to overall prosperity.

Personal Finance Management

Money management skills are essential for individuals and families. According to financial planner Suze Orman, understanding budgeting, saving, and investing empowers us to achieve our financial goals and secure our future.

Money and Philanthropy

Money can also be a force for good. Many philanthropists, such as Bill and Melinda Gates, use their wealth to address global issues like poverty and disease. Their generosity demonstrates how money can positively impact the world.

The Role of Government

Governments manage the money supply and ensure economic stability. Economist John Maynard Keynes emphasized the importance of government intervention during economic crises to prevent financial collapses and unemployment.

Conclusion of Essay on Money

In conclusion, money is a powerful and essential aspect of our lives. Its historical significance, role as a medium of exchange, measure of value, and store of wealth make it a cornerstone of our modern society. Money contributes to economic growth, empowers personal financial success, and can even be a catalyst for positive change through philanthropy. As we navigate our financial journeys, let us remember the significance of money and its potential to shape our lives and the world around us. Money is a tool, and how we use it determines its impact on our lives and society as a whole.

Also Check: The Essay on Essay: All you need to know

Essay on Money

Money is a significant part of human civilisation. It is difficult to think about the world without money. Everybody needs money for various purposes, starting from day-to-day transactions to savings for the future. But if we go back to history, we will find that before money came into existence, there was a barter system to facilitate transactions among individuals in society. With the development of civilisation over time, the barter system lost its ground and was replaced by money. This essay on money will provide ideas to students so they can effectively write essays on this topic. They can also check out the list of CBSE Essays to practise more essays on different topics and boost their writing skills.

500+ Words Essay on Money

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts which also acts as a standard of deferred payments. The main functions of money are distinguished as: a medium of exchange, a unit of account and a store of value. The money supply of a country consists of currency (banknotes and coins) and bank money. Bank money usually forms the largest part of the money supply.

With the help of money, we can fulfil our dream. We can go on trips to various places, eat tasty food, buy a beautiful house and can buy any luxury items. Many businessmen earn a lot of money by making profits from their businesses. They provide services or make products that people need and make money from them. Now, there are many industries and startups which have set up their business and gained success. But still, there are many people who use illegal modes to earn money and become a part of corruption.

Significance of Money in Economy

Money plays an important role in shaping the economy of any country. Money can stimulate or even hamper economic progress. Money affects the income, output, employment, consumption and economic welfare of the community at large. Money through its purchasing power increases consumption and, as a store of value, increases investment, and employment and leads to economic development.

Demonetisation in India

The Prime Minister of India, Narendra Modi, announced demonetisation on 8th November 2016, where Rs 500 and Rs 1000 notes were withdrawn from circulation. It was a major event of the year 2016. The demonetisation decision was taken by the Government in consultation with the RBI. The action was taken to tackle Black Money which is available in various forms like cash, investment in property and real estate, luxury goods like jewellery or with foreign currency dealers and private financiers. The target was to curb the use of black money.

The other motto of demonetisation was to reduce corruption. With demonetisation, the cash in the hands of corrupt people becomes useless, and if the same is deposited in the banks, it loses anonymity, and the person has to pay taxes on the said amount.

The demonetisation also helped in promoting digitalisation through online transactions. A large section of the Indian economy was being run on the cash system, which does not get captured by the tax department as it does not leave any trail. So, the Government thought about promoting digitisation and formalisation of the economy through online transactions, e-wallets, and various payment instruments like Paytm, Rupay cards, the BHIM app etc. The beauty of these instruments is that the entire economic activity gets captured. It reduces tax evasion and improves tax collection.

Students must have found this essay on money useful for improving their essay-writing skills. They can get the study material and the latest updates on CBSE/ICSE/State Board/Competitive Exams, at BYJU’S.

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Essay on Financial Literacy for Students and Children

Importance of financial literacy, an introduction to financial literacy.

We go to schools, colleges, universities to complete our educated and start earning our livelihood. We take up jobs, practise professions or start our own businesses so that we can earn money to make our living. But which of these institutions make us capable of managing our own hard-earned money? Probably a very few of them. 

Our ability to effectively manage our money by drawing systematic budgets, paying off our debts, making buying and selling decisions and ultimately becoming financially self-sustainable is known as financial literacy. 

Financial literacy is knowing the basic financial management principles and applying them in our day-to-day life. 

Financial Literacy – What does it Involve? 

From simple practices like keeping a track of our expenses and understanding the need to spend money if we like a product to striking a balance between the value of time saved and money lost, paying our taxes and filing of tax returns, finalizing the property deals, etc – everything becomes a part of financial literacy. 

Get the huge list of 500+ Essay Topics here

As human beings, we are not expected to know the nitty-gritty of financial management. But managing our own money in a way that it does not affect us and our family in a negative way is important. We certainly do not want to end up having a day with no money at hand and hunger in our stomach. 

Why is Financial Literacy so Important?

Financial literacy can enable an individual to build up a budgetary guide to distinguish what he buys, what he spends, and what he owes. This subject additionally influences entrepreneurs, who incredibly add to financial development and strength of our economy. 

Financial literacy helps people in becoming independent and self-sufficient. It empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc.

Understanding your money mitigates the danger of facing a fraud-like situation. A few strategies are anything but difficult to accept, particularly when they’re originating from somebody who is by all accounts learned and planned. Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed.

What should you read on / get informed about in Financial Literacy?

• Budgeting and techniques of budgeting
• Direct and indirect taxation system
• Direct tax slabs
• Income and expense tracking 
• Loans and debt – EMI management 
• Interest rate systems: fixed versus floating
• Business and organisational transaction studies
• Elementary Book-keeping and Accountancy
• Cash in-flow and out-flow Statements
• Investment & personal finance management
• Asset management:
• Business negotiation skills and techniques
• Make or buy decision-making
• Financial markets 
• Capital structure – owner’s funds and borrowed funds
• Fundamentals of Risk Management
• Microeconomics and Macroeconomics fundamentals

While there are various media to learn about financial literacy, we recommend that you join a short-term, weekend programme which helps you get financially literate.

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From the Heart to Higher Education: The 2021 College Essays on Money

Each year, we ask high school seniors to send us college application essays that touch on money, work or social class. Here are five from this year’s incoming college freshmen.

Credit... Robert Neubecker

Supported by

By Ron Lieber

• June 18, 2021

When the most selective — or, even better, rejective — schools in the United States are accepting under 10 percent of the people pleading for a spot in the next freshman class, it eventually becomes impossible to know why any one person receives an offer, or why a student chooses a particular school.

So in this particularly unpredictable season — as we publish a selection of application essays about money, work or social class for the ninth time — we’ve made one small but permanent change: We (and they) are going to tell you where the writers come from, but not where they are headed.

Our overarching point in publishing their essays isn’t to crack the code on writing one’s way into Yale or Michigan, as if that were even possible. Instead, it’s to celebrate how meaningful it can be to talk openly about money and write about it in a way that makes a reader stop and wonder about someone else’s life and, just maybe, offers a momentary bit of enlightenment and delight.

One writer this year helps her mother find a new way of bringing joy into the world, while another discovers the cost of merely showing up if you’re a female employee. A young man reflects on his own thrift, while a young woman accepts a gift of ice cream and pays a price for it. Finally, caregiving becomes a source of pride for someone young enough to need supervision herself.

Each of the writers will make you smile, eventually. And this year in particular, we — and they — deserve to.

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260 Money Topics to Write About & Essay Examples

Looking for a topic about money? Money won’t leave anyone indifferent! There are lots of money essay topics for students to explore.

🏆 Best Money Essay Examples & Ideas

👍 good money essay topics, 💡 easy money topics to write about, 📃 interesting topics about money, 📑 good research topics about money, 📌 most interesting money topics to write about, ❓ research questions about money.

You might want to focus on the issue of money management or elaborate on why money is so important nowadays. Other exciting topics for a money essay are the relation between money and love, the role of money in education, etc. Below you’ll find a list of money topics to write about! These ideas can also be used for discussions and presentations. Money essay examples are a nice bonus to inspire you even more!

• Can Money Buy You Happiness? First of all, given that happiness is related to the satisfaction of personal needs, there is also a need to consider the essential need of human life such as housing, medicine, and food.
• Connection Between Money and Happiness Critical analysis of money-happiness relationship shows that socioeconomic factors determine the happiness of an individual; therefore, it is quite unsatisfactory to attribute money as the only factor and determinant of happiness.
• Money as a Form of Motivation in the Work Place This then shows that money can and is used as a motivational factor in the work place so that employees can strive to give their best and their all at the end of the day.
• I Don’t Believe Money Can Buy Happiness This shows that as much as money is essential in acquisition and satisfaction of our needs, it does not guarantee our happiness by its own and other aspects of life have to be incorporated to […]
• Money, Happiness and Relationship Between Them The research conducted in the different countries during which people were asked how satisfied they were with their lives clearly indicated the existence of a non-linear relationship between the amount of money and the size […]
• Anti-Money Laundering and Hawala System in Dubai To prevent money launders and agents, most countries enacted the anti-money laundering acts with the goal of tracking and prosecuting offenders.
• Prices Rise When the Government Prints too Much Money Makinen notes that an increase in the supply of money in an economy relative to the output in the economy could lead to inflationary pressure on prices of goods and services in the economy.
• Money and Banking: General Information The essay gives the definition of money and gives a brief description of the functions of money. As a store of value, money can be saved reliably and then retrieved in the future.
• Does Money Buy Happiness? Billions of people in all parts of the world sacrifice their ambitions and subconscious tensions on the altar of profitability and higher incomes. Yet, the opportunity costs of pursuing more money can be extremely high.
• Giving Money to the Homeless: Is It Important? The question of whether a person should give money to a homeless person or not is a complicated one and cannot have the right answer.
• Money: Good or Evil? Comparing & Contrasting While there are those amongst us who subscribe to the school of though that “money is the source of all evil”, others are of the opinion that money can buy you anything, literary.
• Two Attitudes Towards Money The over-dependence on money to satisfy one’s emotional needs is a negative perspective of money. The positive attitude of money is rarely practiced by people.
• Success and Money Correlation The development of the information technologies and the ongoing progress led to the reconsideration of the values and beliefs. It is significant to understand that there is no right or wrong answer for the question […]
• The Global Media Is All About Money and Profit Making It is noteworthy that the advertisement are presented through the media, which confirms the assertion that global media is all about money and profit making. The media firms control the information passed to the public […]
• Exploring the Relationship Between Education and Money A person cannot be able to change his/her ascribed status in the society, but only through education a person is able to change his/her Socio-economic status and to some extent that of his/her family once […]
• “College Is a Waste of Time and Money” by Bird Bird’s use of logical fallacies, like if students do not want to go to college, they should not do it until the reasons of their unwillingness are identified, proves that it is wrong to believe […]
• Time Value of Money: Importance of Calculating Due to fluctuations in economies, all organizations need to take into consideration concepts of the time value of money in any investment venture.
• Money and Happiness in Poor and Wealthy Societies Comprehending the motivations for pursuing money and happiness is the key to understanding this correlation. The Easterlin paradox summed this view by showing that income had a direct correlation with happiness.
• Money, Success, and Relation Between Them In particular, the modern generation attaches so much importance to money in the sense that success and money are presumed to be one and the same thing.
• Money: Evolution, Functions, and Characteristics It acts as medium of exchange where it is accepted by both buyers and sellers; the buyer gives money to the seller in exchange of commodities.
• Discussion: Can Money Buy Happiness? Reason Two: Second, people are psychologically predisposed to wanting more than they have, so the richer people are, the less feasible it is to satisfy their demands.
• Money and Modern Life The rich and the powerful are at the top while the poor and helpless are at the bottom, the rest lie in-between.
• Anti-Money Laundering in Al Ansari Exchange Case Study Details Company name: Al Ansari Exchange Headquarters: Dubai, United Arab Emirates Sector: Financial Services Number of employees: 2500 Annual gross revenue: UAED 440.
• Electronic Money: Challenges and Solutions First of all, it should be pointed out that money is any type of phenomenon which is conventionally accepted as a universal carrier of value, or “any generally accepted means of payment which is allowed […]
• Why Money Is Important: Benefits & Downsides The notion originated from the Bible because the person who made Jesus suffer on the cross was enticed by the love of money to forsake Jesus.
• Money From the Christian Perspective Work in Christian missions is a business and since it affects the relationship between the missionary and the people he is trying to reach, missionary funding is essential.
• Traditional vs. Modern Forms of Money The most significant argument for the continuing existence of traditional forms of money is the impossibility of converting all financial resources into a digital form.
• Money and Its Value Throughout the World History What is important is the value that people place on whatever unit they refer to as amoney.’ Money acts as a medium of exchange and an element of measurement of the value of goods and […]
• Money or Family Values First? Which Way to Go As such, family values becomes the epicenter of shaping individual behavior and actions towards the attainment of a certain good, while money assumes the position of facilitating the attainment of a certain good such as […]
• Money, Happiness and Satisfaction With Life Nonetheless, the previously mentioned examples should be used to remind us that money alone is not a guarantee of happiness, satisfaction with life, and good health.
• Time Value of Money Compounding was done on the amount that I had lent out using the market rate over the duration of time the person held my money.
• Are Workers Motivated Mainly by Money? Related to the concept of work and why people work is the original concept developed by Karl Marx in the so-called conflict theory.
• Efforts to Raise Money for Charity However, the point is that charity is supposed to be for a simple act of giving and not expecting any returns from it.
• Anti Money Laundering and Combating the Financing of Terrorism The accomplishment of the specified goal will require the cooperation between the state government and the representatives of the UAE organizations, as well as the coordination of the latter’s actions with the ones of the […]
• Edwin Arlington Robinson: Money and Happiness in “Richard Cory” It is evident that money cannot guarantee happiness in one’s life due to the uncertainties that surround each one of us.
• Paper Money and Its Role Throughout History The adoption of the paper money was considered to be beneficial for both the wealth of the country and the individual businessmen.
• The Relationship Between Money Supply and Inflation It is evidenced that changing the money supply through the central banks leads to a control of the inflationary situations in the same economy.
• The Airtel Money Service: Indian and African Paths When comparing the Indian and African paths in introducing the service, the first difference that arises is the main user of the service as in the case of India, it was the lower middle class.
• “Art for Money’s Sake” by William Alden This is one of the aspects that should not be overlooked. This is one of the problems that should not be disregarded.
• Money Laundering: Most Effective Combat Strategies The practice of money laundering affects the economy and security of a country. Countries have directed their efforts to curb money laundering to control the downwards projections of their countries’ economies.
• Strategies to Save and Protect Money Thus, the main points of expenditure will be clearly marked, which will help to exclude the purchase of unnecessary goods and services.
• Should America Keep Paper Money It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
• Money Management in the Organization There is a much debate on the issue and several people an financial experts do analyze the historical perspectives of the Active vs Passive money management.
• Two Attitudes Toward Money Two attitudes toward money involve negative perception of money as universal evil and positive perception of money as source of good life and prosperity.
• “From Empire to Chimerica” in “The Ascent of Money” In the chapter “From Empire to Chimerica,” Niall Ferguson traces back the history of the Western financial rise and suggests that nowadays it is being challenged by the developing Eastern world. The hegemonic position of […]
• Drugs: The Love of Money Is the Root of All Evils The political issues concerning the use of drugs consist of, but not limited to, the substances that are defined as drugs, the means of supplying and controlling their use, and how the society relates with […]
• Why People Should Donate Time, Money, Energy to a Particular Organization, Charity, or Cause Its vision is to have a world that is free from Alzheimer’s disease.”The Alzheimer’s Association is the leading, global voluntary health organization in Alzheimer’s care and support, and the largest private, nonprofit funder of Alzheimer’s […]
• Money Laundering Scene in Police Drama “Ozark” In one of the first season’s episodes, Marty, the main character, illustrates the process of money laundering crime. In the scene, one can see that Marty is fully sane and is committing a crime voluntarily.
• Business Case Scenario: Missing Money in a Company A possible scenario explaining how money is missing is through the payroll department my first argument seeks to prove the payroll department as the loophole of the company’s misfortunes.
• Sports Stadiums’ Funding by Public Money The issue is controversial from an ethical point of view since not all citizens whose taxes can be spent on the construction of the stadium are interested in or fond of sports.
• Money Laundering: The Kazakhgate Case He was accused of breaking the Foreign Corrupt Practices Act of 1974 and money laundering by the U.S.attorney’s office for the Southern District of New York.
• The Ways Terrorists Raise and Move Money Moreover, the government has put into action the freezing orders and blocking of united states individuals who are presumed to have a hand in terrorist activities.
• “Money as a Weapon” System and Fiscal Triad Furthermore, the fiscal triad encompasses the procurement of products and services and the disbursement and accounting of public funding. Fiscal legislation and contracts are two key components of the “money as a weapon” system.
• The Fiscal Triad and Money as a Weapon System The reliance on the unit commanders sparked the development of the complementary strategy, “Money as a Weapon System,” which became a focal point of the Iraq and Afghanistan campaigns.
• Saving Money Using Electric or Gas Vehicles The central hypothesis of the study is that the electric car will save more money than gas ones. The main expected outcome that the study is counting on is a confirmation of the presented hypothesis […]
• Money Laundering Through Cryptocurrencies This study will try to critique the approaches used by countries to address the aspect of money laundering activities and the risks posed by digital currencies.
• Time Value of Money: What You Should Know The time value of money is a paramount financial concept, according to which a certain amount is now worth more than the same amount in the future.
• The Lebanese-Canadian Bank’s Money Laundering The bank was later banned from using the dollar by the American treasury; this resulted in the collapse and eventual sale of the bank.L.C.B.had to pay a settlement fine of one hundred and two million […]
• Play Money Paper: A Report Betas of the Companies in the Portfolio It is noteworthy that in the given portfolio, the beta indices of the companies involved vary considerably.
• Integration of Business Ethics in Preventing Money Laundering Schemes The shipping information within the document seems inaccurate with the intention to launder money from the buyer. The contribution of ocean carrier in the transaction process is doubtful to a given extent.
• Where Does the Money Go? by Bittle & Johnson Therefore, the authors explain key issues of the national debt in a relatively simple language and provide their opinion on how the country got into that situation and what could be done about it. In […]
• Trade-Based Money Laundering The purpose of this paper is to research the subject of trade-based money laundering, its impact on global scene and export controls, identify types of trade finance techniques used to launder illegal money, and provide […]
• Impact of Natural Disasters on Money Markets and Investment Infusion of funds from the central bank during natural disasters results in higher process of exports as a direct result of an increase in the value of the local currency.
• The Perception of Money, Wealth, and Power: Early Renaissance vs. Nowadays In the Renaissance period, power was a questionable pursuit and could be viewed as less stable due to more frequent upheavals.
• Financial Institutions and Money Money is a store of value because it can be saved now and used to purchase se goods and services in the future.
• Researching of the Time Value of Money After receiving the loan, one of the monetary policies that would help PIIGS to stabilize is the deflation of their currency, in this case, the Euro.
• Anti-Money Laundering: Financial Action Task Force Meanwhile, given the limited access for physical assessment of state jurisdictions, it is likely that current provisions of FATF are yet to be revised in spite of pandemic travel and assessment restrictions.
• Anti-Money Laundering in the UK Jurisdiction The regime adopted in the UK is based on the provisions of “the Terrorism Act of 2000, the Proceeds of Crime Act of 2002, as well as the Money Laundering, Terrorist Financing, and Transfer of […]
• Trade-Based Money Laundering and Its Attractiveness The proliferation of the trade-based money laundering is directly related to the growing complexity of international trade systems, where new risks and vulnerabilities emerge and are seen as favorable among terrorist organizations seeking for the […]
• Money Laundering and Sanctions Regulatory Frameworks Under the provisions of OFAC, the company has violated the cybersecurity rules that might indirectly bring a significant threat to the national security or the stability of the United States economy by engaging in online […]
• Type Borrowing Money: Margin Lending In the defense of the storm financial planning firm, BOQ submitted to the authorities that in view of banking regulatory policies, storm had not contravened any of the policies and this is the reason why […]
• Lessons on Financial Planning Using Money Tree Software Financial planning remains a fundamental function among the investors in coming up with a method of using the finances presently and in the future.
• The Supply of Money in the Capitalist Economy In the capitalist economy that the world is currently based on, the supply of money plays a significant role in not only affecting salaries and prices but also the growth of the economy.
• Time Value of Money Defined and Calculations Simply put, the same value of money today is worth the same value in future. The time value of money can therefore be defined as the calculated value of the money taking into consideration various […]
• Anti Money Laundering and Financial Crime There are a number of requirements by the government on the AML procedures to be developed and adopted by the firms in the financial service in industry in an attempt to fight the illegal practice.
• Money Tree Software: Financial Planning This return is important because: It represents the reward the business stakeholders and owner of the business get in staking their money on the business currently and in the future It rewards the business creditors […]
• Money Management: Investment on Exchange-Traded Funds The essay will discuss the possibility of investing in a number of selected ETFs in connection to an investment objective of an individual.
• What Is Money Laundering and Is It Possible to Fight It Certainly and more often money involved in laundering is obtained from illegal activities and the main objective of laundering is to ‘clean’ the dirty money and give it a legitimate appearance in terms of source.
• Time Value of Money: Choosing Bank for Deposit The value of the money is determined by the rate of return that the bank will offer. The future value of the two banks is $20,000 and $22,000 for bank A and bank B respectively.
• How Money Market Mutual Funds Contributed to the 2008 Financial Crisis While how the prices of shares fell below the set $1 per share was a complex process, it became one of the greatest systemic risks posed by the MMMF to the investors and the economy […]
• Time Value of Money From an Islamic Perspective Islamic scholars say that the time value of money and the interest rates imposed on money lent are the reasons why the poor keep on getting poor and the rich richer.
• Rational Decision Making: Money on Your Mind The mind is responsible for making financial decision and it is triggered by the messages we receive on the day to day activities. Lennick and Jordan explain that, we have two systems in the brain; […]
• A Usability Test Conducted on GE Money.com.au It is common knowledge that the easier it is to access services and products on a given website the more likely users will be encouraged to come back.
• “Most Important Thing Is Money Ltd”: Vaccination Development Thus, necessary powers have been vested with the Secretary of State for Health in England, through the recommendations of the Joint Committee on Vaccinations and Immunisation to enforce such preventive steps, through necessary programs that […]
• Money Investments in the Companies and Bonds The stock volume is on the low level now, about 30, but it is connected with the crisis in the world and the additional investment may support the company and increase it. In general the […]
• How the Virus Transformed Money Spending in the US In the article featured in the New York Times, Leatherby and Geller state that the rate at which people spend their money has rapidly decreased due to the emergence of the virus in the United […]
• The Role of Money and Class Division in Society The image of modern American society tries in vain to convey the prevalence of personality over social division. Americans’ perception of financial status has been shaped for years by creating the notion of the “American […]
• Money and American Classes in 1870-1920 Wherein, the time of the stock market emergence was the time of the ongoing “carnival,” where the mystical power of money transferred to miraculous products and medicines and compelling advertisements.
• The Ascent of Money – Safe as Houses Looking from a broad historical perspective, Niall Ferguson devotes the chapter “Save as Houses” to the observation of the real estate concept transformation, describes the place of the real estate market in the economic systems […]
• The Ascent of Money – Blowing Bubbles The price for a share tells how much people rely on the cost of the company in the future. The life of a stock market represents the reflection of human moods on the price of […]
• Canada’s Role in the History of Money: The Relationship Between Ownership and Control Individuals with the predominant shares gain the directorship of the wealth production channels and as such gain control of the diversified owners.
• Why Non-Monetary Incentives Are More Significant Than Money It is important to recognize that both monetary and non-monetary incentives, otherwise known as total rewards, are offered to employees in diverse ways for purposes of attracting and motivating them to the ideals of the […]
• Money Role in Macro Economy The dollar is till now the most accepted currency in the world and this dollar fluctuation that has been caused by the worst recession in American history since the time of the Great Depression is […]
• Change in the Value of Money According to Keynes To explain the effect of inflation on investors, Keynes delves into the history of inflation through the nineteenth century and tries to explain the complacency of investors at the beginning of the First World War […]
• Organizational Communication & the “Money” Aspect While the use of this information is critical for both ensuring survival of the organization and being a frontrunner in its strategies for the future, there are large boulders in use of this information effectively, […]
• Money Makes You Happy: Philosophical Reasoning It is possible to give the right to the ones who think that money can buy happiness. This conclusion is not accepted by psychologists who think that wealth brings the happiness only in the moment […]
• Spare Change: Giving Money to the “Undeserving Poor” To address the central theme of the article, one need to delve deeper into the psyche of giving alms and money to the poor people we meet on the street.
• The Use of Money in Business Practices Money is seen as the cause of problems and especially in the minds of emerging market respondents. Through this they can pick up groceries for the old in their neighborhood and make money from this.
• Money Laundering and Terrorist Finance However, the balance money after the sham gambling is transferred to another ordinary bank account, thereby creating a legal status for the laundered money as if it has come from gambling and will be employed […]
• City Planning. Too Much Money: Why Savings Are Bad The scenario is that the expected growth in economies where the rate of savings is high has not shown a corresponding increase in growth rate also.
• Debates in Endogenous Money: Basil Moore The value of the currency was determined by the value of the precious metal used to mint the currency. From the time Federal Reserve took control of money and credit, economic consistency is attained by […]
• Money and Banking. Financial Markets The essay will examine the essence and the importance of the above-mentioned financial phenomena and see how their interrelation, especially in the negative context, can influence the state of things in society.
• Money and Justice: High-Profile Cases It is estimated that thousands of persons bracketed in the ‘poor’ sector of society go to jail annually in the United States without having spoken to a lawyer.
• Relation Between Money and Football In the English league, clubs have been spending millions to sign up a player in the hope that the player will turn the fortunes of the company for the good.
• Accounting for Public Money After Railway Privatization There were very many problems prior to the railway privatization in 1990.one of the problems that led to the privatization of the railway line in the UK was the misappropriation of taxpayers’ money.
• Time Value of Money and Its Financial Applications The time value of money refers to the idea that money available at the present time is worth more than the same amount in the future, due to its potential earning capacity.
• Money Laundering in the USA and Australia The International Money Fund has established that the aggregate size of money laundering in the World is approximately four percent of the world’s gross domestic product.
• Locke’s Second Treatise of Government and Voltaire’s Candide’s Value on Money Both written at a time when philosophers had started questioning the relevance of capitalism and the concept of wealth creation, it is evident that the two authors were keen on explaining the power of money […]
• The Concept of Money Laundering The first issue I have learned is that the main problem lies in the presence of Big Data that includes trillions of transactions of various financial organizations and systems.
• Time Value of Money – Preparing for Home Ownership The purchase price of the house is determined by using the following formula in Excel. 66 The down payment is 20% of the future value of the house, i.e, $40,278.13.
• Martin Van Buren: Money and Indian Relocation One of the reasons for such collaboration and understanding is the focus on the values we have. I believe this path will bring us to the land we all would like to live in.
• The General Theory of Employment, Interest and Money Money is a determinant of the propensity to consume; hence, the more money one makes, the more that he or she consumes and the converse is the case.
• The Practice of Saving Money Knowledge of the language is also a very crucial component of EAP as it aids the learner in understanding questions and responding to them in their examinations.another differentiating factor between the two varieties of English […]
• How Money Markets Operate? Furthermore, only free markets have shown the resilience that is necessary to accompany the fluctuations in demand and supply of the money markets.
• History of Money in Spain The production of coins melted from gold also ceased in the year 1904, with the production of that melted from silver ceasing in the year 1910.
• Management: “Marketplace Money” and “Undercover Boss” In this case, the accents are made on the support of the healthy workforce in order to guarantee the better employees’ performance and on the idea of rewards as the important aspects to stimulate the […]
• Money Compensation for Student-Athletes Besides, sports are highly lucrative for colleges, and students whose labor brings the revenues should share the part of them not to lose the interest in such activities.
• Chapters 1-3 of “Money Mechanics” by David Ashby The retained amount of money in the commercial bank is the primary reserve. The banks can decide to reduce their working reserve, and the money obtained is transferred to the excess reserve fund in accounts […]
• Banking in David Ashby’s “Money Mechanics” Changes in prices may not have a direct effect on the gross domestic product and the planned expenditures because this is determined by the money that is in supply. This causes the GDP and prices […]
• The UAE Against Money Laundering and Terrorism Financing This valuation of the anti-money laundering and combating the financing of terrorism government of the United Arab Emirates is founded on the forty endorsements and the nine special commendations on extremist supporting of the monetary […]
• UAE Anti-Money Laundering Laws and Their Benefits The legal maintenance of counteraction to the legalization of criminal incomes is carried out by means of a system of laws and regulations, controlling financial, bank, and customs relations and establishing the order of licensing […]
• Money, Their Features, Functions and Importance The first hindrance is the inability of the household to monitor the activities of firms. In this case, it is used to state the value of debt.
• Money Market Development Factors The money market is one of the fundamental elements in the functioning of any state. Under these conditions, the gradual rise of technologies and their implementation in the sphere of financial operations alter the money […]
• “God’ Money is Now My Money” by Stanley Seat It could be said that different priorities and the lack of time for supervision of the employees are the critical reasons for the violation of rules and high frequency of fraud in the religious institutions […]
• International Money Laundering Thus, money laundering has a profound impact on the state of the global economy, as well as on the economy of the U.S.
• Cybercrime and Digital Money Laundering The result of the investigation was the indictment of Western Express and a number of the company’s clients for several charges including stolen credit card data trafficking and money laundering.
• Time Value of Money in Investment Planning The author of the post makes a good point that an amount of money is worth more the sooner it is received.
• David Leonhardt: May Be Money Does Buy Happiness After All The case study of Japanese citizens that support Easterlin paradox do not factor in the confounding psychological effects of the Second World War on the entire population and the country.
• Illegal Drug Use, Prostitution and Money Laundering Upon discussing the impact of money laundering, illegal drugs, and prostitution, the paper proposes the issuing of a court order restraining the use of wealth acquired from victimless crimes as one of the approaches to […]
• Getting Beyond: Show Me the Money Nevertheless, underpayment and overpayment are common, leading to dissatisfaction. Notably, compensation is part culture, but analytics will gain traction in the big data era, as start-ups leverage such advantages from experts to manage a sales […]
• Space Programs: Progress or Waste of Money? According to Ehrenfreund, the ingenuity to develop technologies and work in space is part of the progress that comes from space programs. Space programs have led to the development of technologies that improve air transport.
• “The Money Machine: How the City Works” by Coggan The media plays a chief role in educating the public concerning the various financial matters that affect the undertakings of the City.
• Money Evolution in Ancient Times and Nowadays In the means to defining what money is, most of the scholars from the psychological and physiological field have come up with the theoretical aspects of money and the ways it influences the economic growth […]
• Mercantilism, Stamped Money, and Under-Consumption It is paramount to note that he criticizes ideas of Ricardo quite frequently, and he believed that he did not consider the ideas that were suggested by other prominent economists.
• Money Evolution in the 21st Century and Before The history of the world cannot be described effectively without identifying the function of money. Money has been used to measure the value of resources and financial markets.
• Monetary Policy in “The Ascent of Money” by Ferguson The rise of Babylon is closely linked to the evolution of the concept of debt and credit; without bond markets and banks, the brilliance of the Italians would not have materialized; the foundation of the […]
• Money History, Ethical and Social Standarts These moral preconditions of the emergence of money, the social conventions that regulate and control it, and the evolvement of its status in the present-day world can be regarded as the most significant events in […]
• World Money History in the 20th Century and New Objects of Value The class materials examined the developments, hurdles, and systems that have emerged due to the changing roles of money in the global economy.
• Medieval England in “Treatise on the New Money” The availability of standard quality coins was crucial to the effective running of the government and the stability of the economy.
• Blowing Bubbles in Ferguson’s “The Ascent of Money” Moreover, the author shows the connection and similarities between the present collapse of a stock market and the Enron default along with a Mississippi Bubble of the eighteenth century that was created by John Law, […]
• Human Bondage in Ferguson’s “The Ascent of Money” One of the greatest revolutions in the ascent of money after the creation of credit banks, the center of the discussion in this chapter is on how issuing bonds can help governments to borrow money […]
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• Writing Tips

How to Write an Excellent Essay Introduction

• 3-minute read
• 27th September 2022

Love it or hate it, essay writing is a big part of student life. Writing a great essay might seem like a daunting task, especially when you’re staring at a blank document, but there are formulas you can follow to make sure your paper hits the mark.

When you plan your essays , don’t neglect your introduction! It might seem like a trivial part of the paper, but it can make it or break it. A badly written introduction can leave your reader feeling confused about the topic and what to expect from your essay.

To help your writing reach its full potential, we’ve put together a guide to writing an excellent essay introduction.

How to Write an Essay Introduction

An essay introduction has four main steps:

●  Hook your reader

●  Provide context

●  Present your thesis statement

●  Map your essay

Hook Your Reader

The first part of your introduction should be the hook. This is where you introduce the reader to the topic of the essay. A great hook should be clear, concise, and catchy. It doesn’t need to be long; a hook can be just one sentence.

Provide Context

In this section, introduce your reader to key definitions, ideas, and background information to help them understand your argument.

Present Your Thesis Statement

A thesis statement tells the reader the main point or argument of the essay. This can be just one sentence, or it can be a few sentences.

Map Your Essay

Before you wrap up your essay introduction, map it! This means signposting sections of your essay. The key here is to be concise. The purpose of this part of the introduction is to give your reader a sense of direction.

Here’s an example of an essay introduction:

Hook: Suspense is key for dramatic stories, and Shakespeare is well-known and celebrated for writing suspenseful plays.

Context: While there are many ways in which Shakespeare created suspension for his viewers, two techniques he used effectively were foreshadowing and dramatic irony. Foreshadowing is a literary device that hints at an event or situation that is yet to happen. Dramatic irony is a literary technique, originally used in Greek tragedy, by which the full significance of a character’s words or actions is clear to the audience or reader, although it is unknown to the character.

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Thesis statement: Foreshadowing and dramatic irony are two powerful techniques that Shakespeare used to create suspense in literature. These methods have been used to keep the reader intrigued, excited, or nervous about what is to come in many of his celebrated works.

Essay mapping: In this essay, I will be detailing how Shakespeare uses foreshadowing and dramatic irony to create suspense, with examples from Romeo and Juliet and Othello.

Pro tip: Essays take twists and turns. We recommend changing your introduction as necessary while you write the main text to make sure it fully aligns with your final draft.

Proofread and Editing

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Writing an Intro For Essays on Money!

Table of Contents

Money — it makes the world go round. Also called the great equalizer, it might be the greatest invention humankind has ever come up with.

To think that we were still bartering in marketplaces just a couple of thousand years ago. Imagine carrying two sacks of grain to get five watermelons! With reason, Lydians invented money as a method of interchange to get around this hassle. It is a hot topic to write an essay on. However, you might need help with the introduction.

After all, it’s the most critical part of the essay, according to a few! That’s why, in today’s guide, we’ll look at how to write introductions for money essays . Sounds exciting? Well then, dig in!

Examples of Introductions for Money Essays

• Money is the term used to describe the total amount of coins and bills. With the aid of money, we can satisfy our needs and purchase all of our possessions. Since we must pay for everything, we find it impossible to imagine a life without money. It is the preferred payment method because, before the invention of money, people used to obtain goods by exchanging other items for them. They frequently exchanged goods, services, and other things. It was known as the barter system.
• Despite having only five letters, the word “money” has many meanings. People will do anything to make money, including committing crimes occasionally, which is more valuable than anything else. We all like to eat well, look good, and want to give our kids a good education. And we all need money to do all of these things. People turn to terrible means of earning money when they cannot meet their needs. We have become entirely oblivious to everything else because of money.
• When purchasing various items, we need money as a form of payment. People then still lived in small towns and villages and traded goods without using money. However, everything has changed in the modern era, and we all want to participate in the growth and trend toward city life. A life in which purchasing water is necessary and one in which purchasing air is not too far off. But to meet our needs, money is the most important thing. You can therefore evaluate how important money is in our lives.
• Governments of developing countries give the most importance to money. However, I argue that the GDP doesn’t bring the most value to the country!

More Example Introductions for Money Essays!

• Any item or document typically accepted as payment for goods and services and a standard for deferred payments is referred to as money. Money’s three primary purposes are a store of value, a unit of account, and a medium of exchange. Currency (banknotes and coins) and bank money are both parts of a nation’s total money supply. Typically, most of the money supply is made up of bank money.
• Money will enable us to realize our dream. We can take vacations to different locations, eat delectable food, purchase a lovely home, and purchase any luxuries. Profits from their enterprise enable numerous business persons to amass large sums of money. They make goods or offer services people need to generate income. Today, various businesses and startups have established themselves and found success. However, many people continue to turn to illegal means of earning a living and joining the corrupt system.
• Money plays a significant role in our lives in the modern world. But for many people, the pressures and worries associated with it dominate every aspect of their existence. Young people are compelled to pause and consider their options before deciding to get married and start a family. The degree of their financial security is one of the most crucial factors to consider. Before a couple can even consider getting married, they frequently have to wait. At least until one or both of them land stable jobs with promising futures.
• There is no denying that having money is necessary for a happy life. We will need money to support ourselves and keep up our good reputations to stay in good standing in society. Providing life’s necessities, such as comforts and amenities, requires money.

Continuing Our Examples For Money Essay Intros

• Without money, it is impossible to live a happy and healthy life. We require cash even to purchase a single needle. We need more money in the modern world because everything is getting more expensive, and civilization is advancing and adopting western culture.
• No one can survive without money in an expensive and fiercely competitive society. Buying necessities like food, clothing, and many other things is nearly impossible without money. Due to their poverty, people of low socioeconomic status are seen as enemies. However, wealthy and influential people are viewed as decent and honest.
• Everywhere, but especially in the workplace, money is what makes the world go around. Employers are aware that one of the most effective motivators is money. But is giving employees cash or bonuses always the best way to reward them? I’ll examine some justifications for financial compensation in this essay.
• When people had less money in the past, they were eager to work and earn a high salary. The majority of people today, however, are well-paid and at ease in their jobs. This makes it challenging to motivate them simply by giving them money. In this essay, we’ll discuss various methods for inspiring workers and argue against the notion that rewards are always the best motivators.
• Cash incentives are frequently criticized as an unethical form of employee motivation. Others adore giving money as a straightforward, practical, and realistic reward for a well-done job. Money is not always the best form of appreciation for extra work. In some situations, it may even be inappropriate. Many businesses reward exceptional employees for their hard work with bonuses. This is disrespectful, trivializing, and detrimental to morale.

They say the only thing money can’t buy time, but even that isn’t true. Spending more money can help you save time as well! 

We would like you to know how to write different intros for your paper on money. We have another solution if you have more questions or could use some help! Try our  essay intro generator tool  to write the best main intros you could think of with the click of a button!

Abir Ghenaiet

Abir is a data analyst and researcher. Among her interests are artificial intelligence, machine learning, and natural language processing. As a humanitarian and educator, she actively supports women in tech and promotes diversity.

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Write an introduction that interests the reader and effectively outlines your arguments.

Every essay or assignment you write must begin with an introduction. It might be helpful to think of the introduction as an inverted pyramid. In such a pyramid, you begin by presenting a broad introduction to the topic and end by making a more focused point about that topic in your thesis statement. The introduction has three essential parts, each of which serves a particular purpose.

The first part is the "attention-grabber." You need to interest your reader in your topic so that they will want to continue reading. You also want to do that in a way that is fresh and original. For example, although it may be tempting to begin your essay with a dictionary definition, this technique is stale  because it has been widely overused. Instead, you might try one of the following techniques:

Offer a surprising statistic that conveys something about the problem to be addressed in the paper.

Perhaps you can find an interesting quote that nicely sums up your argument.

Use rhetorical questions that place your readers in a different situation in order to get them thinking about your topic in a new way.

If you have a personal connection to the topic, you might use an anecdote or story to get your readers emotionally involved.

For example, if you were writing a paper about drunk drivers, you might begin with a compelling story about someone whose life was forever altered by a drunk driver: "At eighteen, Michelle had a lifetime of promise in front of her. Attending college on a track scholarship, she was earning good grades and making lots of friends. Then one night her life was forever altered…"

From this attention grabbing opener, you would need to move to the next part of the introduction, in which you offer some relevant background on the specific purpose of the essay. This section helps the reader see why you are focusing on this topic and makes the transition to the main point of your paper. For this reason, this is sometimes called the "transitional" part of the introduction.

In the example above, the anecdote about Michelle might capture the reader's attention, but the essay is not really about Michelle. The attention grabber might get the reader thinking about how drunk driving can destroy people's lives, but it doesn't introduce the topic of the need for stricter drunk driving penalties (or whatever the real focus of the paper might be).

Therefore, you need to bridge the gap between your attention-grabber and your thesis with some transitional discussion. In this part of your introduction, you narrow your focus of the topic and explain why the attention-grabber is relevant to the specific area you will be discussing. You should introduce your specific topic and provide any necessary background information that the reader would need in order to understand the problem that you are presenting in the paper. You can also define any key terms the reader might not know.

Continuing with the example above, we might move from the narrative about Michelle to a short discussion of the scope of the problem of drunk drivers. We might say, for example: "Michelle's story is not isolated. Each year XX (number) of lives are lost due to drunk-driving accidents." You could follow this with a short discussion of how serious the problem is and why the reader should care about this problem. This effectively moves the reader from the story about Michelle to your real topic, which might be the need for stricter penalties for drinking and driving.

Finally, the introduction must conclude with a clear statement of the overall point you want to make in the paper. This is called your "thesis statement." It is the narrowest part of your inverted pyramid, and it states exactly what your essay will be arguing.

In this scenario, your thesis would be the point you are trying to make about drunk driving. You might be arguing for better enforcement of existing laws, enactment of stricter penalties, or funding for education about drinking and driving. Whatever the case, your thesis would clearly state the main point your paper is trying to make. Here's an example: "Drunk driving laws need to include stricter penalties for those convicted of drinking under the influence of alcohol." Your essay would then go on to support this thesis with the reasons why stricter penalties are needed.

In addition to your thesis, your introduction can often include a "road map" that explains how you will defend your thesis. This gives the reader a general sense of how you will organize the different points that follow throughout the essay. Sometimes the "map" is incorporated right into the thesis statement, and sometimes it is a separate sentence. Below is an example of a thesis with a "map."

"Because drunk driving can result in unnecessary and premature deaths, permanent injury for survivors, and billions of dollars spent on medical expenses,  drunk drivers should face stricter penalties for driving under the influence." The underlined words here are the "map" that show your reader the main points of support you will present in the essay. They also serve to set up the paper's arrangement because they tell the order in which you will present these topics.

In constructing an introduction, make sure the introduction clearly reflects the goal or purpose of the assignment and that the thesis presents not only the topic to be discussed but also states a clear position about that topic that you will support and develop throughout the paper. In shorter papers, the introduction is usually only one or two paragraphs, but it can be several paragraphs in a longer paper.

For Longer Papers

Although for short essays the introduction is usually just one paragraph, longer argument or research papers may require a more substantial introduction. The first paragraph might consist of just the attention grabber and some narrative about the problem. Then you might have one or more paragraphs that provide background on the main topics of the paper and present the overall argument, concluding with your thesis statement.

Below is a sample of an introduction that is less effective because it doesn't apply the principles discussed above.

An Ineffective Introduction

Everyone uses math during their entire lives. Some people use math on the job as adults, and others used math when they were kids. The topic I have chosen to write about for this paper is how I use math in my life both as a child and as an adult. I use math to balance my checkbook and to budget my monthly expenses as an adult. When I was a child, I used math to run a lemonade stand. I will be talking more about these things in my paper.

In the introduction above, the opening line does not serve to grab the reader's attention. Instead, it is a statement of an obvious and mundane fact. The second sentence is also not very specific. A more effective attention grabber may point out a specific, and perhaps surprising, instance when adults use math in their daily lives, in order to show the reader why this is such as important topic to consider.

Next the writer "announces" her topic by stating, "The topic I have chosen to write about…" Although it is necessary to introduce your specific topic, you want to avoid making generic announcements that reference your assignment. What you have chosen to write about will be evident as your reader moves through the writing. Instead, you might try to make the reader see why this is such an important topic to discuss.

Finally, this sample introduction is lacking a clear thesis statement. The writer concludes with a vague statement: "I will be talking more about these things in my paper."  This kind of statement may be referred to as a "purpose statement," in which the writer states the topics that will be discussed. However, it is not yet working as a thesis statement because it fails to make an argument or claim about those topics. A thesis statement for this essay would clearly tell the reader what "things" you will be discussing and what point you will make about them.

Now let's look at how the above principles can be incorporated more effectively into an introduction.

A More Effective Introduction

"A penny saved is a penny earned," the well-known quote by Ben Franklin, is an expression I have never quite understood, because to me it seems that any penny—whether saved or spent—is still earned no matter what is done with it. My earliest memories of earning and spending money are when I was ten years old when I would sell Dixie cups of too-sweet lemonade and bags of salty popcorn to the neighborhood kids. From that early age, I learned the importance of money management and the math skills involved. I learned that there were four quarters in a dollar, and if I bought a non-food item—like a handful of balloons—that I was going to need to come up with six cents for every dollar I spent. I also knew that Kool-Aid packets were 25 cents each or that I could save money and get five of them for a dollar. Today, however, money management involves knowing more than which combinations of 10-cent, five-cent, and one-penny candies I can get for a dollar. Proper money management today involves knowing interest rates, balancing checkbooks, paying taxes, estimating my paycheck, and budgeting to make ends meet from month-to-month.

In the first line the writer uses a well-known quotation to introduce her topic.

The writer follows this "attention-grabber" with specific examples of earning and spending money. Compare how the specific details of the second example paint a better picture for the reader about what the writer learned about money as a child, rather than this general statement: "As a child, I used math to run a lemonade stand." In the first introduction, this statement leaves the reader to guess how the writer used math, but in the second introduction we can actually see what the child did and what she learned.

Notice, too, how the reader makes the transition from the lessons of childhood to the real focus of her paper in this sentence: "Today, however, money management involves knowing…."

This transition sentence effectively connects the opening narrative to the main point of the essay, her thesis: "Proper money management today involves knowing  interest rates, balancing checkbooks, paying taxes, estimating my paycheck, and budgeting to make ends meet from month-to-month ." This thesis also maps out for the reader the main points (underlined here) that will be discussed in the essay.

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Essay on Money: Meaning, Functions and Role

Read this essay to learn about the meaning, functions and role of money.

Meaning of Money:

Money has been defined differently by different economists. Some, like F.A. Walker, define it in terms of its functions, while others like G.D.H. Cole, J.M. Keynes, Seligman and D.H. Robertson lay stress on the ‘general acceptability’ aspect of money.

According to Prof. D.H. Robertson, “anything which is widely accepted in payment for goods or in discharge of other kinds of business obligation, is called money.” Seligman defines money as “one thing that possesses general acceptability.” Prof. Ely says: “Money is anything that passes freely from hand to hand as a medium of exchange and is generally received in final discharge of debts.”

Prof. A. Walker says “Money is that money does.” But these definitions are defective because they do not lay proper emphasis on all the essential functions of money. Prof. Crowther’s definition of money is considered better as it takes into account all the important functions of money. He defines money as “anything that is generally acceptable as a means of exchange (i.e., as a means of setting debts) and at the same lime, acts as a measure and a store of value.”

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It is a fact that although money was the first economic object to attract men’s thoughtful attention…there is at the present day not even an approximate agreement as to what ought to be designated by the world…the business world makes use of the term in several senses; while amongst economists there are almost as many different conceptions as there are writers on the subject.’

Functions of Money :

Money is a matter of functions four, a medium, a measure, a standard, a store.

Money in a modern economy performs important functions which have been classified by Kinley as follows:

(a) Primary functions also called fundamental and original functions like the medium of exchange and measure of value.

(b) Secondary functions like standard of deferred payments, store of value and transfer of value.

(c) Contingent functions like distribution of income, measurement and maximisation of utility etc.

Medium of exchange:

Money serves as a medium of exchange and facilitates the buying and selling of goods, thereby eliminating the need for double coincidence of wants as under barter. A man who wants to sell wheat in exchange for rice can sell it for money and purchase rice.

Measure of value:

Money has also removed the difficulty of barter system by serving as a common measure of value. The values of various commodities are expressed in terms of money. Money as a measure of value has made transactions simple and easy. It may be understood that this function of money follows from the first basic function (medium of exchange). It is because money is used as a medium to exchange goods, that each good gets a value in terms of money (called price). As such, money also serves as a unit of account. In India, the unit of account is the Rupee, in USA, the Dollar; in USSR, the Rouble and the Yen in Japan.

Store of Value:

Classical economists did not recognize the store of value function of money. Keynes laid stress on this function of money. People store money to provide again the rainy day and to meet unforeseen contingencies. According to Keynes, people also store money to take advantage of the changes in the rate of interest. Money as a store preserves value through time and space. Money as a store of value through time means the shifting of purchasing power from the present to the future and as such it serves as an important link between the present and the future.

Money in this case is stored as a form of ‘asset’. Money is an asset or a form of wealth because it is a claim. It is the most convenient way of laying claim to such goods and services as one wishes to buy. Thus, rather than keeping their wealth in the form of non-liquid assets like houses, shares, etc., people prefer to keep their wealth in the form of money.

Money is the most liquid of all assets i.e., money can be readily exchanged for goods and services without any difficulty and the price of money or its value is stable at least over a short period. In fact, all assets like bonds, saving accounts, treasury bills, government securities, inventories and real estate do serve as stores of value, but they differ in the degree of liquidity; money amongst these possesses highest degree of liquidity and that is why people prefer it most as a store of value.

However, we should not give it undue importance because the value of money does not remain stable through time. As prices rise, people try to get rid of money as its value falls. Moreover, in modern economies storing wealth in the form of money is unimportant as it is done in the form of interest-bearing securities.

Money as a store of value through space continues to be important; for instance, an Indian businessman who sells his business and property and goes to USA and settles down there is a case of exporting value through space. In ancient times, gold and silver coins were used as a store of value followed by currency notes. In advanced countries today money is stored in the form of bank deposits.

Standard of Deferred Payments:

Money has always been used as a standard of deferred payment. This function of money has attained more importance in modern times with the extension of trade based on credit. As a result of this function, it has become possible to express future payments in terms of money. A borrower who borrows a certain sum in the present undertakes to pay the same in future. Similarly, a person who purchases on credit agrees to pay in future when his bills become due. Money as a standard of deferred payments is performing useful function enabling the current and present transactions to be discharged in future.

Contingent Functions:

Besides, the primary and secondary functions of money, Prof. Kinley lays stress on the contingent functions of money. Money facilitates the distribution of national income among the various factors of production. Land, labour, capital and organization all co-operate in an act of production and the product is the result of their joint efforts, which belongs to all of them.

Money makes the distribution of joint production, amongst various factors easy and paves the way for economic progress. Further, a concept like utility is measured in terms of money. A consumer as well as a producer measures the utilities of different goods and factors of production with the help of money and try to get maximum satisfaction or maximum returns.

Again, credit is the basis of modern economic progress. Money constitutes the basis of credit. Banks create credit not out of thin air but with the help of money. Moreover, money gives liquidity to various forms of wealth. A person by keeping his wealth in the form of money renders it most liquid.

Role of Money:

Money plays a vital role in the determination of income and employment. The basic problems of macroeconomics are the determination of income, output, employment and the general price levels, including the determination of the long-run rate of growth of income. As far as the growth theory is concerned, the supply and demand for money have been largely ignored until recently, yet all but the very simplest short-run income and price level determination models have a money market included in them.

As such, money becomes an economic force in its own right, which under certain circumstances, powerfully affects economic activities. This is the main subject matter of monetary economics. Monetary theory is that branch of economics which aims at discovering and explaining how the use of money in its various forms affects production, consumption and distribution of goods. As a matter of fact, the advocates of monetary theory plead that a large number of factors affect the volume of production, consumption and distribution. To them, money is no more a veil, a medium to facilitate exchange of goods: but something more vital, more crucial and more important, which affects the general level of economic activity.

Monetary theorists hold that the use of money as a medium of exchange, as a store of value, as a measure of value, as a standard of deferred payments along with its contingent functions has the capacity of influencing the volume and direction of economic activity that would not occur in a barter economy. In a monetary economy, according to Keynes, “money plays a part of its own and affects motives and decisions and is, in short, one of the operative factors in the situation, so that the course of events cannot be predicted, either in the long period or in the short, without a knowledge of the behaviour of money between the first state and the last.” In such a world, money is not a neutral phenomenon rather a phenomenon governed by principles very different from those that hold sway over the process of production and exchange.

In modern income and employment analysis, these are two spheres of economic activity. There is, on the one hand, the real or goods sector, which has to do with forces of aggregate demand and supply and the conditions under which an equilibrium of output and employment is achieved. On the other hand, there is the monetary sphere in which the economic forces at work are those centering around the demand for money.

According to the modern view, the existence of a separate monetary sphere of activity is a fact of profound significance; what takes place in the monetary sphere may suddenly and dramatically influence the level of both output and employment. The method by which Keynes brings money into the picture is through the development of a theory of interest in which the demand for money is dominant. The rate of interest is the link between the real sphere and the monetary sphere. It is a factor around which the theory of investment is constructed and investment expenditure is one of the key determinants of income and employment.

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