I know there must be reasons and this is a dumb question, but I’m a bit of an abstract thinker and have trouble grasping it from a big picture presepctive. Can someone break this down for me? Can’t we all just kind of agree to just kind of… Reset some numbers or something?
Sincerely,
I’ve never taken an economics class in my life
In: Economics
money is the answer to the underlying issue of scarcity of goods and services.
Since goods and services have a limited supply, we estimate their price with money, which describes the intersection between supply/demand.
If all goods and services were infinite in supply, it is possible that money wouldn’t exist at all.
I hope this helped!
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