WAYS PEOPLE MAKE MONEY

1. By investing:

When you invest, you put little money into a venture, then wait for the money to multiply.

Example: A farmer grows crops with little money. The crops multiply and he sells the crops for more money.

Example: You give your money to a bank, the bank uses your money to do business (eg. gives it as a loan to others) and pays you back with more.

2. By retailing:

When you retail, you buy a manufactured item at a low price and sell it to others at a higher price.

Example:

A market woman imports rice-cookers from a foreign country at a low price, then she sells them to people in her country at a higher price. She didn't make the rice-cookers, she is just buying and reselling them.

3. By rendering a service:

When you render a service, you solve someone's problem and take a fee.

Example: Taxi drivers take passengers from one place to another and receive money in return.

TV repairers, employees of companies, government workers are rendering a service.

There are other means such as INHERITANCE, etc - but that is all for now.