Almost everything necessary for living costs us money. For example, people buy clothes, food, medicine, etc. and pay for education. However, you don’t have to pay for the air you breathe in or the solar energy received from the sun. Usually, consumers or people have to spend money to buy man-made things.
Why does everything cost money? If the same question has appeared in your mind, this guide will help you figure that out. Money is a kind of transferable energy people use to convert into different things. Let’s check out what we have to trade: almost everything with money or, more precisely, value.
6 Reasons Why Everything Costs Money
As everybody knows, money is utilised as payment for services and products and even repayment of credits or debts. The only way to get money is to earn money through working. On the other hand, money is a means of exchange, and you can own almost anything legally with money.
So, why does everything cost money? In simpler words, everything on the earth has a certain value. In addition, resources on the earth are quite limited. That’s why money makes the distribution of goods and services easy. Let’s find out why everything isn’t free for us.
1. Only Money can Match the Value of Things
As we already said, everything around you has its value. For example, if you want to acquire a valuable gem or anything, you have to pay something that will be enough to match the worth of that gem or specified goods. A real-life example is how clubs purchase and sell cricket or football players to form a preferable and competitive team.
So, the players rag themselves with a specific value according to justified market price. A particular club can own a definite player if the club agrees to pay that assigned value to the player. Moreover, it’s the same for everything that you want to own in this world.
Be it a gold necklace or a luxurious home, you have to pay for it. This is because a gold necklace or a house doesn’t appear independently. Workers put their lives into mining gold or building the mansion of dreams. So, it’s obvious that things will cost you money.
2. The Means of Exchange is Money
If you want something you currently don’t own, you need to exchange something of yours to get the desired thing from a particular person. It’s similar to how people used to trade in ancient times. Now, money has replaced the means of exchange and become a fixed means.
Why does everything require money? A few examples will clear things up, furthermore. For instance, a student spends money to gain knowledge and experience from a teacher. In addition, you can instantly buy food from a shop if you are hungry. The shopkeeper earns money from you in exchange for providing you with food.
So, we have to give out something valuable to receive something precious. Since everything comes with a worth, money is the right means of change to keep things uncomplicated.
3. Money can Keep You Inspired
So far, you have understood that you require money for a livelihood. Without enough money, it will be tough to survive in the world. That’s why people do things to earn more and more money. Thus, they can lead a comfortable life without any trouble.
For instance, farmers cultivate crops and other food. We buy that food from them in exchange for money. Additionally, we have different works and profiles to earn money and pay for our food, clothes, medicines, assets, and more.
The idea of money and a lavishing lifestyle can keep people motivated. If we get any of these things for free, then we would never realise how hard farmers have to work to cultivate crops for us. Therefore, the motivation to earn money keeps us aware that everything has a worth, and the balance will remain uninterrupted.
4. We Merely Value Free Things
How often do you see people value free things? Usually, people interpret that something is of poor quality if it’s available for free. For instance, people will value paid training more compared to free-of-cost training. Another example will help you understand the difference between free and paid things.
You got yourself a watch, and one of your relatives gifted you a watch. Now, you will care more about your watch since you bought it. The watch from your relative is free for you, though it costs specific money to your neighbour.
Why does everything cost money Reddit? Undoubtedly, money enhances the value of things in our life. So, everything we own will be insignificant if they are free. Additionally, people waste free and easily available things.
5. Stimulates Consistent Production
How can someone continue producing something if they keep giving out any type of goods for free? Since money is the means of exchange, the producer, too, requires money to keep the cycle going.
Otherwise, the person behind the production will run out of cash and other raw materials. Hence, money keeps the overall production cycle flowing. Thus, the producers of all goods can supply whatever people need, pay workers, and pay for materials.
6. Legal Ownership or Possession of Almost Anything
Why does everything have a cost? Everything is worth something, and you can own that particular thing if you can pay for it. Without exaggerating at all, money can buy you almost anything on earth.
Money provides you with the authority or power to acquire valuable possessions. For example, you can storm into any shop and pick the most expensive things. If you pay for those things, then they can be yours forever. Additionally, all staff at that shop will treat you with dignity and respect.
However, the same staff will harass you if you try to snatch anything from the shop and run away with that thing. So, having money elevates your social standing. You can legally own anything, and the society pays you respect.
Why Does Everything Become So Expensive Now?
So far, you have understood why everything comes with a defined price. However, you might have started feeling now that everything’s cost is hiking day by day. Well, you’re not wrong. Why does everything cost so much money right now?
A lot can contribute to the price system of goods. A few common causes behind the surging expenses for a living are as follows:
- A surge in wages
- Consumer demand
- Production rate
- Inflation
- An increase in other costs and more
However, you can expect the cost of goods to go up when there’s a hike in the prices of food, gas, oil, and other fuels.
Is Money Everything?
To be honest, yes, money is everything. Take a minute and think whether you can own anything if you don’t acquire enough money. From food, clothes, and houses to anything luxurious, the way to own them goes through money.
After all, a tag of price interprets that a particular thing has some worth. That’s why everything costs money. You can afford a decent lifestyle with your money.
