Friday, April 12, 2013

Topic 8: Money


To me, money not only represents the medium people use to exchange goods and the ability to afford goods, but also represents the national identity of a country. Money is both economic and political. Money is characterized by its uniformity, divisibility, durability, portability, scarcity, and acceptability. Money has to be uniform for the sake of convenience when exchanging. It also needs to be divisible when talking about trading. Durability and portability make money last a certain amount of time with stability and people may use it everywhere. Just as every other goods and services, money is scarce; people always need to make choices of what to buy, how much is it…etc. Also, money has to be accepted by everyone so people can compromise on the value of what they are selling. I often use money to buy things I want, or sometimes “loan” it to my sister and earn some interests. Monthly pocket money and Chinese New Year events, especially playing ma-jiang, are my primary resource of money. I would consider money as a very important aspect in my life. When I just simply turn on a light in my room, I need to pay for the electricity. When I go to bathroom and wash my hand, I need to pay for the water. Without money, it’s pretty hard to live. I am satisfied with my condition right now. I don’t need excessive money, sufficiency is enough. Though money cannot buy everything, without money, you cannot do anything. I can basically do anything for money as long as it is not illegal nor against integrity.

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