Question

Analyze the assertions and principles of Scripture found in Ecclesiastes 5:10-11, Luke 3:13-14, Philippians 4:10-13, and 1 Timothy 6:1-16. How do these passages apply to economics? How do they affect and impact a Christian understanding of economics? 250 words or more

Answer 1

Economics is a social science that deals with human needs and satisfaction. It stated that human desire is unlimited, but the resources are scarce. The money is a crucial tool in the economy for the exchange of goods and services. The creation of wealth is the objective of people. The firm is a profit motive and producing goods and make a considerable profit.

In Christianity, the money is considered as the economic evil. All the quotes given here states that not to love money or the things can buy using the money. Timothy clearly said that money is the root of all kinds of evil. The desire of making more wealth creates hardship and evils. Suppose people are thinking about the benefit of oneself and do not consider others which is the root of covetous or acquisition of material wealth. Ecclesiastes, in his statements people who love money always searching to get more wealth and he, is not satisfied with whatever he has. He is always thinking to create more wealth, and finally, he is living like an evil in society.