Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Why is everything in economy MONEY driven?
When people talk economy they always talk how much money retailers made/lost, or how the financial sector is doing, or how much home sales has declines, etc. Can't "how many parents are not happy with schools" or "how many homeless persons are infected with AIDS" factor into these discussions or formulas?
At present it just seems that everything is built on money and those that it, while the majority of Americans/Global residents are just pawns and collateral damage. We're good enough to take money and votes from but not good enought to get QUALITY CARE, and the REFLECTION of our leaders!!! Maybe capitalism is not the best system, if we want less people in jail, less racism, less violence, less greed, left corporate ceilings and theft, less ENRONS, less wars, less political blunders and lies. Maybe we need to look at changing our financial system if we want a better COUNTRY and WORLD. All we are saying, is give peace a chance. Lennon
Some will argue that the economy has to be measured in money, because money is tangible and stable. But money is not tangible or stable, it's just paper, printed with little backing (i've heard that only about 10%of the gold and reserves are actually in place to back the money in distribution). Nor is money stable, but a good education is. Thus, isn't our economy and mindset based on money because those that have the most of it control the economy and country? Why aren't more news stations doing shows giving drop out stats, birth rates in Africa. We are so skewed that if it isn't about our country and certain ethnic groups in our country, and if it isn't about a pop star, etc, then we often lack the depth to go beyond that either economically, spiritually or financially. I've run into people from the poorest countries who are brilliant, but because they live in a region where the average pay is $10 per day, they are stuck. And since our immigration policies suck, they suffer...
3 Answers
- bmwdriver11Lv 71 decade agoFavorite Answer
No. That makes no sense at all, you clearly dont have a degree in economics. While things like "Are Children Well Educated?" are important (I wouldnt ask their parents if they are happy with the education, as thats is a widely variable and hard to define measure), they are not economic issues. They are societal issues. Economy tends to be measured by the medium of exchange. Societal issues, such as you describe, are measured in many other ways. And I do believe that they are given a large measure of importance in their place- which is not in the economy.
- 1 decade ago
You are totally wrong. First of all, the reason why when you talk economics you are led to think it's money driven, on the contrary it is part money driven only. You hear money simply because it is the unit used to measure such.
Furthermore an economist will not argue that money was used because it is stable or whatever, because they know that money is a medium of exchange that's why it is always mentioned.
As for the homeless people or aids infected, these things come up in another branch of economy,, or perhaps some other field like something to do with health, education etc. Life is pretty much structured.
One way to end war is to do away with military presence in places you don't belong. Many countries are guilty of this.
- Anonymous1 decade ago
I would disagree with bmwdrive. If economics is really about utility maximization, and money is a subset of that, then there is a large non-market and non-money set of behavior that could be more important than market ones.
However, it is important to realize that most people are very concerned with money, obtaining it, exchanging things, and so on. But it is not everything. I am not sure what the questioner has in mind about 'changing our financial system'. "If you talk about destruction", says Lennon, "don't you know you can count me out".
