34992Y10 In order to use wealth it is not enough
JUST TO STORE IT.
IT OFTEN NEEDS TO BE TRANSPORTED FROM PLACE TO PLACE.
SOME FORMS OF WEALTH, SUCH AS REAL ESTATE, CANNOT BE TRANSPORTED AT ALL.
COMMODITIES SUCH AS WHEAT AND RICE CAN BE TRANSPORTED ONLY WITH DIFFICULTY.
Imagine a wealthy farmer living in a moneyless land who emigrates to a distant province......
His wealth consists mainly of his house and rice paddies?! The farmer cannot take with him the house
or the paddies. He might exchange them for tons of rice, but it would be very burdensome and expensive
to transport all that rice!? Money solves thése problems... The farmer can sell his property in exchange for
a sack of cowry shells, which he can easily carry wherever he goes. Because money can convert,
store and transport wealth easily & cheaply, it made a vital contribution to the appearance
of complex commercial networks and dynamic markets.
Without money, commercial networks
& markets would have been
doomed to remain very
limited in their size,
complexity &
dynamism.
IT OFTEN NEEDS TO BE TRANSPORTED FROM PLACE TO PLACE.
SOME FORMS OF WEALTH, SUCH AS REAL ESTATE, CANNOT BE TRANSPORTED AT ALL.
COMMODITIES SUCH AS WHEAT AND RICE CAN BE TRANSPORTED ONLY WITH DIFFICULTY.
Imagine a wealthy farmer living in a moneyless land who emigrates to a distant province......
His wealth consists mainly of his house and rice paddies?! The farmer cannot take with him the house
or the paddies. He might exchange them for tons of rice, but it would be very burdensome and expensive
to transport all that rice!? Money solves thése problems... The farmer can sell his property in exchange for
a sack of cowry shells, which he can easily carry wherever he goes. Because money can convert,
store and transport wealth easily & cheaply, it made a vital contribution to the appearance
of complex commercial networks and dynamic markets.
Without money, commercial networks
& markets would have been
doomed to remain very
limited in their size,
complexity &
dynamism.
30 jun 2019 - bewerkt op 02 jul 2019
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