Aristotle
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Title: Aristotle

Essay Details:

Subject: Philosophy
Author: Bernice A
Date: May 19, 2014
Level: University
Grade: A
Length: 4 / 916

Essay text:

Household management involves the acquisition of riches, but must be distinguished from money-making for its own sake. Wealth is everything whose value can be measured by money; but it is the use rather than the possession of commodities which constitutes riches. Financial exchange first involved bartering. However, with the difficulties of transmission between countries widely separated from each other, money as a currency arose. At first it was merely a specific amount of weighted or measured metal. Afterwards it received a stamp to mark the amount. Demand is the real standard of value. Currency, therefore, is merely a convention which represents the demand; it stands between the producer and the recipient and secures fairness...

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