How much is the dollar really worth?


depends on person. there no objective answer dollar worth. people value dollars in relation other things, , differently, because people differ in means (goods , services) prefer relative others achieve ends.

trying establish objective value prices fallicious. prices establish someone's valuation of dollar worth, advertising seller of something/buyer of dollars prefer in dollars selling. trade exists because there difference people think dollar worth, seller of something/buyer of dollars thinks money getting worth more selling, while buyer of something/seller of dollars thinks thing getting worth more money paying.



Social Science Economics Next



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