Which is better -- to be rich or to be happy?

Question

Which is better -- to be rich or to be happy? Does bartering involve money? How may money be classified what are their characteristics?

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ECON 3020 Notes for Week #8  29 February 2016   Money      ●   What is money?             ○  we usually think of money as just currency, but it is much more complicated than               that             ○  money is what allows us to makes purchases (cash, checking accounts, credit                cards, etc.)             ○  it is often associated with wealth, but it is only one of the assets we add together                to calculate wealth            ○  currency is a stock of money at one time             ○  income is a flow of money over a period of time      ●   Money is defined in economics as:             ○  a medium of exchange (something that can be used a a method of payment for               goods and services)             ○  a

Which is better -- to be rich or to be happy?

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Intermediate Macroeconomics ECON 3020 - Antonio Bojanic - ECON 3020

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Which is better -- to be rich or to be happy?

Which is better -- to be rich or to be happy?

Other study guides from Intermediate Macroeconomics ECON 3020 - Antonio Bojanic - ECON 3020

Others also asked

Discussion and review:

Other study guides from
Intermediate Macroeconomics ECON 3020 - Antonio Bojanic - ECON 3020