ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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spending money on vacations and trips
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saving money for college tuition
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donating money to help other people
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investing money in a new business
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Detailed explanation-1: -Philanthropy refers to charitable acts or other good works that help others or society as a whole. Philanthropy can include donating money to a worthy cause or volunteering time, effort, or other forms of altruism.
Detailed explanation-2: -A philanthropist is a person who donates time, money, experience, skills or talent to help create a better world. Anyone can be a philanthropist, regardless of status or net worth.
Detailed explanation-3: -giving money, food, or help free to those who are in need because they are sick, poor, or have no home: a charitable foundation/organization/trust. The entire organization is funded by charitable donations.
Detailed explanation-4: -Donating is a selfless act. One of the major positive effects of donating money to charity is simply feeling good about giving. Being able to give back to those in need helps you achieve a greater sense of personal satisfaction and growth, it feels good to help others.
Detailed explanation-5: -Giving unwanted toys to those less fortunate, smiling at someone on the street, holding doors open for people or visiting a sick relative is still charity because it warms someone’s heart.