The defects of money do not, however, indicate its elimination. The whole public feels the pinch.
The rate of exchange falls. There is always a danger of its over-issue when the Government is in financial difficulties. Credit creation, if not matched by the increase in production, results in inflationary rise in the prices.
Once this course is adopted, however, it gathers momentum and leads to further note-printing, and this goes on till the paper currency loses all value.
With these preconditions, pocket money will do no harm to their children. But we cannot overlook the disadvantages of money: Such a situation arose in many European countries during and after World War I, and later more recently in China.
Thus paper money can better meet the requirements of trade and industry. It may cause grave discontent among the masses. What are the disadvantages of Money?
Some parents cosset their children, and always give them a large amount of pocket money. It is a good servant and a bad master. Paper money is the most convenient form of money. When paper money is over-issued, there is inflation and prices rise. In a very small bulk, it can contain a very large value.
Second, since adults do not supervise the procedure of shopping, children could probably buy something that is not suitable for their age, such as adult magazines.
Growth of monopolies results in the exploitation of the workers, brings misery and degradation to them. Judging these two viewpoints above-mentioned, I think that parents should give their children a limited amount of pocket money.Essay topics: IELTS essay: the advantages and disadvantages of pocket money Submitted by essayking on Tue, 10/11/ - With the development of our modern society, people’s living conditions become much more comfortable.
Money essay. Money began as a standard medium of exchange for a trading community. Money could be in any form, which depends on the location of the community. Some textbooks state the function of money in four matters; as a medium of exchange, a unit of account, a standard of deferred payment, and a store of value.
Money is not an unmixed blessing. Total dependence or misuse of money may lead to undesirable and harmful results. In the words of Robertson, “Money, which is a source of so many blessings to mankind, becomes also, unless we can control it, a source of peril and confusion.
The following are the various disadvantages of money: 1. Instability.
The government says that it will remove all the obstacles to money free flow and hence goods and services can also travel freely.
The direct control for the government will not. What are the Advantages and Disadvantages of Money? – Answered! Article Shared by.
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