We use currencies to buy and sell things, but the ultimate things that are exchanged are preferences of the two parties involved in the exchange. We use money or other means of exchange to facilitate the trade of our preferences. Money makes fulfillment of some preferences possible.
In fact, by exchanging money, you give the potential of fulfillment of your preferences to someone else. You are buying a product or service in order to make a preferable change in your W1 body or W2 body. For instance, you buy an air conditioner to keep your body temperature (W1 preference) at your desirable level, or you buy insurance policy because you think that you are more prepared for unexpected future events (W2 preference).
The ultimate goals lie in W3. When you donate money, you provide W1 preferences for others in exchange for W2 preferences for yourself. When you buy a beautiful painting, you buy a W1 composition that can strike a chord with certain W2 compositions inside you and make you feel good.
Any currency’s ultimate goal is to exchange preferred qualitative experiences.
Showing posts with label Fulfillment. Show all posts
Showing posts with label Fulfillment. Show all posts
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