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Tuesday, March 17, 2020

Business Studies - Money advantages vs disadvantages


Advantages of money:
Disadvantages of money:
Being able to pay for items
Can be stolen
Pay bills
Have to work ridiculous hours at bad jobs for cash that will be wasted
Give to loved ones and friends as a gift
Lost easily
Can be reserved
Start arguments
Pay others for service. E.g. Mechanic, fast food and builders
Can be counterfeited
Bribing
Inflation due to one item being purchased to a point at which there’s not much left to be sold
Pay for what you want
Used as a ransom
Get what you dream about
Used as blackmail



Summary: In conclusion, money has its ups and downs but it is usually reliable. It can keep you alive and get your needs so that you won’t die. In a way, money is flawed and can be exploited. E.g. counterfeiting, bribing and blackmail. So it won’t all ways be on our side or assist you when you need its help.

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