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
What exactly is the economy?
What if everyone were to withdraw the non existent money they have from the banks, shut down all the banks and stock market and all that and people just live. Would the world become a better or worst place?
1 Answer
- Anonymous10 years agoFavorite Answer
The economy is all of the trading we do.
Withdrawing all of our money and doing nothing with it would be horrible. Can you farm crops, mine stone, make cement, build a house, build an electrical generator, extract oil, purify water, give medical treatment, etc.? If you can't, then you're going to want to to trade for those things. While barter is an option, money is simply a very convenient way to trade---there's no money without trade, and trade without money is very difficult.