Understanding Healty – The Basics
The word healty can be loosely used in the general context of money. However the word healty itself is more often applied to the purchasing of goods. In most cases in the United States the word healty is referred to as the retail market where goods are sold either by private contract or through the government. Generally in most countries the word healty means the open market where goods are purchased and sold, usually by private barter transaction. Historically in most countries money has always been the basic unit of exchange, and in most societies money has always been the primary method for payment of debts.
Historically money has always been created through barter transactions. That is, individuals voluntarily transfer their goods or services to others in return for money. This is how it works. One exchanges his money for the equivalent in goods or service. This form of bartering or trading is what accounts for the popularity of the auction house.
But in the United States money is rarely used as a tradable good. Instead it is most often used as a legal tender. That is, individuals use currency as a promise to pay others. When you buy a car, you promise to pay the seller within a certain amount of time for the sale price. That’s where we get the concept of irredeemable currency, like the coins that our country mints.
We use currency in all kinds of transactions. For instance, you go to a restaurant and pay with your credit card. Then you use the money to purchase food and drinks for yourself and everyone else who happens to be dining at the establishment. The restaurant then marks the sale up an amount that represents the markup on the money you spent.
Money, of course, isn’t always a tradable good. It can be something as intangible as a promise to pay. The government makes debt payment deals known as stimulus packages. These packages are used to keep lenders interested in making loans to struggling families. In these deals, creditors forgive delinquent payments and agree to let borrowers pay the debt at a reduced rate over a specified period of time.
Real estate is another tradable good. It exists everywhere and there is hardly any space available for exclusive ownership. Traders use the value of real estate to make money. If you want to buy a piece of real estate and fix it up so that you own it outright, you have to pay a significant amount of upfront costs to secure financing. And once you have done that, you have to be ready to maintain and repair the property over the next few years.