Money Lender
Essay attempting to answer What is money The need to always earn more How we acquire wealth Why institutions need to support investment Primer on some modes of investment & their functioning What is Money? Money is any item or verifiable record that is generally accepted as payment for goods and services. Hence we are ascribing value to the symbol “$" as the unit for measuring the quantity of money. Historically a barter system was used as a system of exchange goods and services. But I can imagine that one person may not always want the things being received in exchange. That would have led to the need for a common ground or a common medium of exchanging goods. That is how objects such as gold, silver and other precious metals became mediums of exchange since we ascribed value to these objects proportional to their rarity. Rarity of an object makes owning it more valuable. After all it is just something extracted from the earth, so is underground water. Which brings to quest...