Question

More “money” is not always better. Explain to someone why they may have too much “money”, and if they are in such a position (having too much “money”) what they should do about it. Note: A definition of “money” will probably help in your explanation.​

Answer 1

Money is defined as an instrument which serve as *medium of exchange

* Store of value

*a measure of value

* standard for deferred payment .

In general it is commonly accepted as a medium of exchange .

Money is not something which need to stored and saved . Rather it need to be flowing where by incresing the economical activity of individual as well as nation . It is good to have saving but it is never good to have only saving , money need to be invested in valuable asstes which defines the wealth of individual . Money need to made expenditure towards the needs and development . Storing the money can be of no use and there would be no development and any economical activity in the nation as well as in the individuals life . How ever having too much money created many mental tension and also devaluation in its value . Seeing from ethical point of view , having too much money can lead to misunderstanding among the society , people feel jolous , people feel to throw comment . Every nation works with the moto that poverty of the nation should be removed and there should be enough money with each and every people and this can be possible only when people have moto to earn and make expenditure and investment too . There are many disadvantages of not having too much money but most of those disadvantages are related to moral and societal believes and culture .