Can You Do Business With Monopoly Money?

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The Monopoly game was created during the Great Depression. This game introduces many children to using money in business.

Players learn how to buy and sell property, collect and pay rents when they play Monopoly. The game is fun to play. It is especially fun for the winners.

If fact, this board game teaches money myths that can affect your ability to make real money in your business. So, the real question is: Are you doing business with ideas about money that you learned by playing Monopoly?

A Monopoly game begins with a fixed amount of money. The game ends with the same amount of money. By the end of the game, the winner has most of the money. This leads to the first Monopoly Money Myth: The amount of money available is limited.

The critical point is that no one MAKES money in Monopoly. Monopoly is a zero sum game. Compare the zero sum Monopoly game to what happens to money in business. In business, you create a product or offer a service that actually MAKES more money.

What is the process in business? It costs money to produce, market, and sell a product. If you can sell the product for more than it cost you to produce and sell it, you make a profit. A profit is money that didn’t exist when you started.

When you create a profit, you create money. You add more money to the money supply. It’s not just that you have more money, but more money now exists. This is the essential money difference between Monopoly and business. No one makes money in Monopoly. In contrast, when businesses make profits, they actually increase the amount of money available.

Monopoly cannot teach the fundamental truth that the amount of available money is potentially unlimited. Monopoly teaches players that money is a commodity in limited supply. The game does not teach that money is created in transactions. The more transactions occur, the more money is created.

No Money Limits. Discover how the money creating secret is uncovered in a real estate

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Article Citation
MLA Style Citation:
Stevenson, Kalinda R. "Can You Do Business With Monopoly Money?." Can You Do Business With Monopoly Money?. 29 Dec. 2009. uberarticles.com. 12 Apr 2012 <http://uberarticles.com/games/board-games/can-you-do-business-with-monopoly-money/>.

APA Style Citation:
Stevenson, K (2009, December 29). Can You Do Business With Monopoly Money?. Retrieved April 12, 2012, from http://uberarticles.com/games/board-games/can-you-do-business-with-monopoly-money/

Chicago Style Citation:
Stevenson, Kalinda R. "Can You Do Business With Monopoly Money?" uberarticles.com. http://uberarticles.com/games/board-games/can-you-do-business-with-monopoly-money/

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