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Purchasing power

Money is purchasing power to procure goods and services which are scarce in nature. Management of money is essential, because we should control the money and not be controlled. It is true that means are limited and wants are unlimited. A realistic approach and financial discipline is required in deciding our needs. Youth should realise this and accept responsibility before spending the money. For this they should not hesitate to seek advice from elders.

Bharath panuganti

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