Skip to content

Rockawayuppercrust

Share Moments and Share Business

Menu
  • About
    • Business Checks
    • Business Ideas
    • Business Insider
    • Business Letter
    • Business Line
  • Business
    • Business News
    • Business News Articles
    • Business Owner
    • Business Plan
  • Finance
    • Business Website
    • Business Week
    • Financial News
    • Google My Business
  • Online
    • Income
    • Money
    • Online Business
    • Opportunity
  • Profit
    • Profitability
    • Small Business
    • Small Business Ideas
    • Starting A Business
    • The Business
Menu

Tag: money

Why is Money Not an Economic Resource?

Posted on November 6, 2021November 1, 2021 by pauline

The reason money is not an economic resource is because it is not productive. Have you ever seen a copywriter write with money or, an employee transporting goods from a factory with money instead of a logistics vehicle?

We create money, at least through the central bank. It’s just like we produce goods and services. But, unlike semi-finished goods, we cannot use money to produce other goods.

But, indeed, in the modern economy, money plays a vital role. With it, we store wealth. We also use money to facilitate transactions, for example to pay for the goods we buy. And, with money, we can judge the value of an item because money functions as a unit of account.

Money is not a productive resource

Money may be scarce and the central bank is responsible for printing it. If it is available in abundance – the central bank prints a lot of money – it can lead to high inflation and even hyperinflation.

Money does not contribute directly to production. Although it is rare, we cannot use it directly as an input or help the production process. For example, car manufacturers use aluminum inputs to produce car frames, not money. Likewise, …

Continue reading

Benefits of Creating Value for Customers

Posted on September 19, 2021September 6, 2021 by pauline

Making more profit and money is the main benefit of creating value for customers. Businesses make a profit by satisfying customer needs and wants through their products by adding value. They process inputs into higher value outputs.

What is value creation to customers?

Creating value means the business adds value to the inputs used. How much value is added? It is equal to the difference between the selling price of the product and the input costs.

Is the company successful in creating value? We can see it from whether customers are willing to pay a higher price than the input costs used to make goods or provide services.

And, creating value is the reason why business exists. Without it, they will not be able to survive because they bear the loss. Consumers do not want to buy if the product has no value to satisfy their needs and wants.

Take the tire manufacturer as an example. They buy raw materials such as rubber latex to be converted into final goods. To do so, they need locations for factories, machines to process inputs and labor to operate machines and factories. Then, after the tires are finished, they sell them to consumers. …

Continue reading

Recent Posts

  • Businessman Mistakes When Using Social Media
  • Want a Baby Equipment Rental Business? Here’s How To Get Started
  • This is How to Make Money from Home Without Complicated
  • The Secret to Success in Being an Angel Investor in a Startup
  • Steps in Developing Business Process

Recent Comments

No comments to show.

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

Categories

  • Business
  • Business Checks
  • Business Ideas
  • Business Insider
  • Business Letter
  • Business Line
  • Business News
  • Business News Articles
  • Business Owner
  • Business Plan
  • Business Website
  • Business Week
  • Financial News
  • General Article
  • Google My Business
  • Income
  • Money
  • Online Business
  • Profitability
  • Small Business Ideas
  • Starting A Business
  • The Business
© 2022 Rockawayuppercrust | Powered by Minimalist Blog WordPress Theme