Question

In: Finance

Factors that have contributed to the decline of non-money-based culture

How has money has become the focal point of modern world culture and s

society, especially in the Western world

Solutions

Expert Solution

The use of money is vital in the Modern world, and anyone cannot work without using it in daily transactions. It has adversely affected the Western world based on culture and society. The impacts are negative and positive. The use of money made the world a global village; the cultures of diverse communities are shared in seconds over wide areas. Preserves the dignity of certain some value and presents the real information to future generations (Karaman et al. 2020). Cultures also are open for critiques and adoption by communities that find some values relevant.  Finances enhance the setting of museums and the sites; these are meant to spread the cultures.

 

Social life has also been affected by the use of money; advanced technology has resulted in to use of means that hinder social interactions. Relations develop between the buyers and sellers when transacting. Money controls everything; finances facilitate businesses, banks, industries, and education. The Western Countries adopted advanced means that enhance better mechanisms that incorporated all the classes, the rich and middle-class earners.


The use of money is vital in the Modern world, and anyone cannot work without using it in daily transactions.

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