MONEY OR WORKING SYSTEM
We all know the importance of money and the role it plays in our everyday life.literally everybody needs money so as to be able to meet with demand of life.money is easily found everywhere around the world with countries having their currencies which they known are associated with.
The central bank of any country is responsible for the amount of money in circulation and how it's been utilise.they have several means of generating money both internationally and locally as they are meant to engage in big business that could help in boosting the economy.
But when you look at certain countries most especially the the developing countries,you find out that they make more money than expected but yet still the economic condition of most of those countries is nothing to write home about.this has brought me to a serious question which is
MONEY OR WORKING SYSTEM money is a medium of exchange by which we transact business.every country is so much blessed with money because of the business they do with other countries,but despite this,it is good to know that some countries are better than the other economically.but first let take a deep look into a working system.
WHAT IS A WORKING SYSTEM I will defined a working system as the medium which aid in the smooth running of a countries economy,system allows for proper utilization of a countries resources.This is what differenciate the developed countries from the developing countries.
Both money and system work relatedly as they both need each other to function properly.A country might have all the money but if it doesn't have a working system the money will be useless and under utilized.For a country to have a working system, certain factors must be put in place.
1 MINIMAL LEVEL OF CORRUPTION. Corruption has been a major hindrance in having a working system,most of the time the money meant for the citizens are been embezzled by politicians, especially in the developing countries,this actually cripples any system,this is something the developed countries has been able to put under control which the developing countries have not been able to do.the truth is that you can't have a working system when a country is highly corrupted.so for a country to have working system,it must be corruption free.
Another problem is also putting inflation under control.in a situation where a country is been ravaged by inflation,to have a working system will be very hard because of the high cost of living which will affect the cost of production.in this situation,usually there won't be much money in circulation and you have a situation where by large amount of money is used in purchasing viewer goods.
In most developed countries,the price of things seems to remain the same while in the developing countries their is high level of increment in the price goods and services.other factors such as good infrastructures,good roads and provision of employment opportunities makes up a working system.
It's important to note that you may have all the money but of you don't have a working system,money will not be really useful because it will mismanaged.therefore both money and working system are very important for any country to successfull.it is even better to have a working system that having all the money because when you have a working system even without much money everything will work smoothly because there will be judicious use of what is available.
