History of Money - Business Studies

The history of money

Money, in and of itself, is nothing. It can be a shell, a metal coin, or a piece of paper with a
historic image on it, but the value that people place on it has nothing to do with the physical
value of the money. Money derives its value by being a medium of exchange, a unit of
measurement and a storehouse for wealth. Money allows people to trade goods and services
indirectly, understand the price of goods (prices written in dollars and cents correspond with an
amount in your wallet), and gives us a way to save for larger purchases in the future.Money is
valuable merely because everyone knows everyone else will accept it as a form of payment—
so let's take a look at where it has been, how it evolved and how it is used today.

Asian Currency:

Sometimes around 770 B.C…, the Chinese moved from using actual tools and weapons as a medium of exchange to using miniature replicas of the same tools cast in bronze. Nobody wants to reach into their pocket and impale their hand on a sharp arrow do, over time, these tiny daggers, spades, and hoes were abandoned for the less prickly shape of a circle, which became some of the first coins. Although China was the first country to use recognisable coins, the first minted coins were created no too far away in Lydia (non western turkey). 

Coins and Currency:

In 600B.C…, Lydia’s King Alyattes minted the first official currency. The coins were made from electrum, a mixture of silver and gold that occurs naturally, and stamped with pictures that acted as denominations. In the streets of Sardis, circa 600B.C…, a clay jar might cost you two owls and a snake. Lydia’s currency helped the country increase in both its internal and external trade, making it one of the richest empires in Asia Minor. It is interesting that when someone says “as rich as Croesus”, they are referring to the last Lydia King who minted the first gold coin.

Not just a piece of paper:

Just when it looked like Lydia was taking the lead in currency developments, around 700 B.C., the Chinese moved from coins to paper money. Europeans were still using coins all the way up to the 16th century, helped along by acquisitions of precious metals from colonies to keep minting more and more cash. Eventually, the banks started using bank notes for depositors and borrowers to carry around instead of coins. These notes could be taken to the bank at any time and exchanged for their face values in silver or gold coins. This paper money could be used to buy goods and operated much like currency today, but it was issued by banks and private institutions, not the government, which is now responsible for issuing currency in most countries.The first paper currency issued by European governments was actually issued by colonial governments in North America. Because shipments between Europe and the colonies took so long, the colonists often ran out of cash as operations expanded. Instead of going back to a barter system, the colonial governments used IOUs that traded as a currency. The first instance was in Canada, then a French colony. In 1685, soldiers were issued playing cards denominated and signed by the governor to use as cash instead of coins from France.

Mobile Payments:

The 21st century gave rise to two disruptive forms of currency: Mobile payments and virtual
currency. Mobile payments are money rendered for a product or service through a portable
electronic device such as a cell phone, smartphone or tablet. Mobile payment technology can
also be used to send money to friends or family members. Increasingly, services like Apple Pay
and Samsung Pay are vying for retailers to accept their platforms for point-of-sale payments.

What is Money - Business studies

What is money?

Money is an object that helps you run your life. Exchanging goods for goods is an older practice and without any money, you cannot buy anything you wish for. Money has gained its value because people are trying to save wealth for their future needs.

Business Studies| Kiwi Ingenuity

How does kiwi ingenuity benefit New Zealand as a nation?

 NZ has the interesting advantage of a sensible climate, space to appreciate life and a great standard of living. The last mentioned can be made strides on, but not only by bringing in more individuals. Any inclination for populace development as a way to move forward our economy is amazingly limited. You merely got to see at the huge cities over the world with ghettos, substandard living conditions and need of space.  

Here in New Zealand we still have to opportunity to go to the bush, go to the beach and go to the country without strolling in a line to do it, or battling for a spot on the beach to put your towel. The way to move forward our economy is to stimulate industries like tourism, include esteem to items as of now made here, and target speciality markets for top-end items and administrations. We ought to empower start-up companies with modern items that can be sold at a premium. Once those items go standard, offer the companies abroad and begin something new. 

Innovative Ideas | Business Studies

Innovation Ideas|Business Studies

Welcome to another blog post, In Business & Enterprise class, we are working on a task where as a group we have to come up with some ideas and products that could be improved, it can be a product that we can create or a product that already exists. In our group we discussed what we would like to do and picked our best product, we had to discuss about the costs involved and other things that we have to think about our product and how it can benefit on us.

What are we trying to Improve?

We are making an attempt to enhance the juice sprayer, or recognised as the Lemon Juice Sprayer, which sprays the juice from the lemon, it advantages in exceptional ways.

Why do we want to improve it?

Our team located out that the juice sprayer may not want to be determined in two sizes, small, for small fruits, and a large dimension for massive fruits like lemons and oranges. We choose to alternate the product barely better.

What could be the changes allow for?

Our group concept to make the sizes for the sprayer detachable, so you can take off the the small dimension to a higher one. In the unique product, you have to purchase two sprayers for two sizes. We choose to make it that our product come with the large and small size.

Here is a photo of the product we have decided

to improve. (Lemon Juice Sprayer) 

Kiwi Ingenuity - Evaluation Ideas

Most benefit inventions? 

I personally think that the Clothing and Equipment invention from

Kathmandu has the most benefit because we still use the clothes and 

equipment today, and myself owns clothes from Kathmandu especially the jackets they are good for Cold winter Days, it's nice and comfy and keeps

you warm. Kathmandu is mainly the produce the high quality and long

lasting clothes and equipment mainly meant for adventure sports or 

activities like hiking, mountain climbing so on. Sustainability is the heart 

of the brand "Kathmandu" and its their culture. 

Least Beneficial Invention? 

I personally think that the "Scootboard": A  Kickscooter  inspired by a 

Skateboard and a Long Board Design. I personally think that it's dangerous

and can cause harm because my point of view it looks hard to control and keep balance. 

Two Examples of Kiwi Ingenuity that will capture the imagination

of people in other countries?

1. Mountain Buggy

  because they have lots of grip, compared to prams 

it's more safe and you can use from newborn, and it can carry two children. 

2. "Waterfall Slide" Arthur's Slide 

- because It's a nice view and if people

from the other countries see it they would want to com and bring their families

to check it out, and I think it looks nice for a family vacation.