OUGD505 - SB1 - Concept Research - Definitions Of Money

For the first stage of the brief, the initial standpoint within the brief was to first take a look at money as a concept and what it really stands for as a physical inhabitant, to help me with how this could be developed and adapted, the first aspect necessary was to look at the definition of money, as this may help me understand better how it can be improved.

Although these are all immediately obvious and apparent definitions due to the fact that the whole world has been a user of money, in both coin and note form by looking at the definitions it may help outline the way that money as a concept can evolve or more specifically what it involves. Some of the definitions stated don't really apply to my project as a brief an so wont be appropriate to research in to, only the most appropriate definitions will be learnt from.

The first definition talks about money being a medium of which a form of reward can be allocated for different goods or services, one product or service can be rewarded by money in its physical form. This helps by actings a means from which goods and services can valued, the amount of money paid for goods or services denotes its value.

The second definition pertains to money being the official currency, including note and coin form issued by a government used within the country to pay for goods and services.

The third definition refers to money acting as a means to evaluating a certain persons wealth through the assets that they own, considering such things as monetary value's of houses and cars as assets etc...

Furthermore the final definition discusses money as an amount of cash or credit, owned by a person or group of people.

Although this looking at the definitions of money has been a very arbitrary task as they are all definitions that would be immediately apparent to the majority of people it has initially outlined a number of different avenues from which could be taken through the progression of the brief.