Wednesday, October 6, 2010

What is money?

We apologize for the poor sound. I need to get a better microphone. If we want to understand what money is, are, first, we should understand what is business and why people engage in it. The trade is when people something, another person in exchange for something they want. Each of them has benefited from this exchange, because otherwise they wouldnt have the exchange. The price is subjective. If person A point by point the trade YX with the person B, this means that a value of Y over B, and / or values of B plus Xas A. Otherwise, the exchange did not occur. Therefore, the value of X and Y on economic terms, the prospects of A and B, the value of something will give things to other people in exchange for it is derived. You are entitled to your voice is economically viable, but if nobody will give you something in return for them, then your statement is meaningless. When John produced apples and oranges produced Jeniffer and then exchanged so that both haveApples and oranges, it must mean that John thinks hes better on apples, compared to other people than it is on the production of oranges. That's because it produces apples, oranges and apples and then trade, rather than the production of both apples and oranges, or even to produce oranges and exchanged them for apples. On the contrary, Jeniffer thinks shes better producers of oranges, producing oranges. The problem with this type of economic cooperation is the limitation of the doubleCoincidences ...

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