Information Or Money: Which is more valuable?

Posted by Presegs Adesida
6
May 24, 2012
501 Views
Image I was somewhere today and some people were arguing about this,someone argued that money rules with the example that with money you can get whatever you need,information included.

First of all,what is the best definition of INFORMATION that fits in with this arguement?

INFORMATION is

1.
knowledge communicated or received concerning a particular fact or circumstance; news: information concerning a crime.
2.
knowledge gained through study, communication, research, instruction, etc.; factual data: His wealth of general information is amazing.
3.
the act or fact of informing.
4.
an office, station, service, or employee whose function is to provide information to the public: The ticket seller said to ask information for a timetable.


Secondly,what is the best definition of MONEY that fits in with this arguement?

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.

The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.

Any kind of object or secure verifiable record that fulfills these functions can serve as money.

Money is historically an emergent market phenomena establishing a commodity money, but nearly all contemporary money systems are based on fiat money.

 Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".

The money supply of a country consists of currency (banknotes and coins) and bank money (the balance held in checking accounts and savings accounts). Bank money usually forms by far the largest part of the money supply.


















Another argued saying that without information your money is useless.

As for me,I go for INFORMATION as I started my Internet Marketing Business with

the INFORMATION I got from  http://www.theultimatesupertip.info

Just wondering what you think about this,please back up your claim with some points.

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