Week 1 blog – Caitlin
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Hi, my name is Caitlin Lockhart, I’m a junior at UW and am planning on going into the Landscape Architecture BA program this fall with a minor in Environmental studies.
I think that money is a tool used to give and receive power through the use of goods and services. We use it to get what we need or want on a daily basis, rent, groceries, food, bills etc. Money is a tool because it isn’t the money itself that is valuable, but what can be done with it that counts. If you have a hammer, good for you, but you still don’t have a house. If you have money…I suppose you could stack it up and live in a pile of money but it would be put to better use to use the money as a tool to gain a house. I think an answer to “What is money” is fairly simple, a tool. But the next part “A tool for what?” is where it gets complicated.
The economy is a system through which things of value are traded and exchanged. It is a collection of people, business owners, buyers, corporations, laborers, government workers and others who trade their money cash, coin or usually numbers on a screen for things they want or need. An economy structures how and when money is divided among groups of people and eventually to individuals. On a base level I think that an economy is a system through which people can get what they need to survive, and with that comes industry, government and technological progress.
I think we agree on one thing- money has to do with getting what we need to survive, and the economy is the system in which money operates.
I love how you compared money to a physical item to give more of a visual affect to what you see it as. Honestly, I agree with your view of what money is more than my own, I think it is a very true statement because a tool is anything that helps you perform a task, achieve a goal, get better at something, and so many more things. In all of this money is the key to success.