Thursday, July 30, 2015

Paid In Cash

Earnings don't have to be paid in cash; payment in kind is also fine. One month's worth of rice would be equal to my 3 hours' labor, and the right to have a date with a pretty girl would make me work for 5 hours. Money is a very good device in making the trades smooth, but may not be a good one in making our life happy. Payment in kind can also increase production and employment. To increase income is not only a solution to better life, but to satisfy our everyday life is also important.

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