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Topic: Any help about how the world is run economically? - page 2. (Read 1677 times)

full member
Activity: 434
Merit: 100
I think you should read some Economics books. there you will find many answers to your questions, and even those that you have not asked
hero member
Activity: 1274
Merit: 622
Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.
That's what probably the governments of the Republic of Zimbabwe thought. Long story short - printing money will lead to a hyperinflation, if a certain country is poor due to shitty economical system, export, tourism and so on (meaning no one else needs their fiat currency or products) they can't change the situation by printing money, or making salaries higher without serious assets behind all that. It would be nearly the same thing as hiding all the mess and trash in your room into different closets to make it seem tidy instead of cleaning up the mess de facto. There's another reason for that issue - it's corruption, that takes place in the most of developing countries, it actually crushes the economy. Due to corruption less people can develop small business, which is a good index of successful economy, people also immigrate to other countries with more opportunities, due to less developed business and lack of qualified labor the quality of the goods produced declines and thus people buy import production, but not their national and so on. The only way a certain country can become successful is actually people in the government stop being so greedy and unfair.
newbie
Activity: 22
Merit: 0
Basically the sole purpose and aim of economics is to devise way to meet the unlimited and ever growing needs with the limited resources. This has two solutions. Either rise your production which in tern will boost your GDP which will also improve the living standards of the people. Another way is to reduce the demand for luxuries and just consume the basic needs. Since the former does not sounds as impossible as the latter, the world has invented ways to maximize the per capital income and this has given the freedom to consume as much of the depleting natural resources as could be paid for.
I would say that the idea behind our modern economy is to figure out a way to translate a person's effort into a value that can be traded for something else. This is in place of the old bartering system. You have one person with eggs, one person with a cow and one person that can fix wells. If the person that can fix wells needs eggs, but the person that has eggs doesn't need his well fixed, you have a problem. In our economy, the person could fix a well for the guy with the cow for money. Then use the money to buy eggs. Maybe the guy who got money for the eggs would use it to buy milk. This is a very limited example, of course, but that's the general idea. Would you mind telling me what resources you think are actually going to be depleted anytime soon?
member
Activity: 392
Merit: 10
Greed is what makes people poor. We always want something more thats why we are never contented with what we have. We dont learn to appreciate the little things. If people only learn to embrace the importance of being contented then i think this world will be better in terms of economy.
You see the problem is still limited. The poor are not all greedy. People are also greedy and even you. So consider your actions, because that can affect them.
full member
Activity: 308
Merit: 101
But why can anyone not become rich?
This world has never been equal, if someone wants to be rich he has to do something and change his way of living through hard work and ideas, ideas that will change his life and the lives of others as well.
What are the reasons why others work hard yet they are still poor?
Unlimited spending, uncontrollable expenses and not being wise of holding money.
Why can't we print enough money for everyone?
Inflation.
Basically the sole purpose and aim of economics is to devise way to meet the unlimited and ever growing needs with the limited resources. This has two solutions. Either rise your production which in tern will boost your GDP which will also improve the living standards of the people. Another way is to reduce the demand for luxuries and just consume the basic needs. Since the former does not sounds as impossible as the latter, the world has invented ways to maximize the per capital income and this has given the freedom to consume as much of the depleting natural resources as could be paid for.
hero member
Activity: 3080
Merit: 603
But why can anyone not become rich?
This world has never been equal, if someone wants to be rich he has to do something and change his way of living through hard work and ideas, ideas that will change his life and the lives of others as well.
What are the reasons why others work hard yet they are still poor?
Unlimited spending, uncontrollable expenses and not being wise of holding money.
Why can't we print enough money for everyone?
Inflation.
member
Activity: 322
Merit: 10
Greed is what makes people poor. We always want something more thats why we are never contented with what we have. We dont learn to appreciate the little things. If people only learn to embrace the importance of being contented then i think this world will be better in terms of economy.
Greed at all levels does not just happen to the poor. Because everyone wants to give themselves the benefits and material wealth. No one denies them and if there are also very few indexes. But most of the game is the same, also to comply with the rules of the game. Be constructive, then develop more than before.
member
Activity: 644
Merit: 10
COVIR.IO
Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.

Central banks can not print money as they like and share it to anybody because its very dangerous for economy. If that happen, paper money will worth like toilet paper because have no value. Inflation will rising and goods will disappear from market
full member
Activity: 491
Merit: 105
bitcoin will help smooth the economy in the world, because in addition to the many currencies that enter large countries, I believe that bitcoin will help the economy of society.
Even we have seen remarkable effect on economy of countries and societies form bitcoin. They have proved themselves as efficient resource that can be helpful for a country to raise its economic health. Developed countries mostly have equipped this method and they are taking things under their control while developing countries are now sleeping and later they would be begging from developed ones.
full member
Activity: 378
Merit: 100
because they do not know how to manage spending, most people just work to feel happy but not saving. if they are diligent in saving, they will be rich.
They will rejoice with the immediate rewards and spend all that reward. And then they have no plans for their living expenses. It leads to poverty repeating rotation. It is hard to recover and rich, they need to learn more to stabilize. Hope the future will be better.

That kind of mind set will not bring you wealth and that is the reason why you should start your own business in order to have income when cryptocurrency price is dropping.
legendary
Activity: 1904
Merit: 1074
The reason why many people are poor, is because money is printed like toilet paper! The more money that are being created

by fractional reserve banking from thin air, is one of the main reasons why Bitcoin exist. Satoshi did not agree with the way

fiat currencies were misused by governments and Banks and he created Bitcoin with a capped amount of coins to make sure

that this will not happen in Bitcoin. We know exactly how much bitcoins will be mined and that gives it increased value.  Wink

member
Activity: 322
Merit: 12
One feature that makes money worth its  value is scarcity. Whatever resource that is common and easily gotten is cheap. For example water is needed  more than gold but gold is more expensive than water. Though we need water, it's availability to most people makes water extremely cheaper than the price of gold. Same analogy could be applied to the concept of money. If every had too too much money who would work for what ?
newbie
Activity: 22
Merit: 0
Greed is what makes people poor. We always want something more thats why we are never contented with what we have. We dont learn to appreciate the little things. If people only learn to embrace the importance of being contented then i think this world will be better in terms of economy.
How can greed make people poor? I'd love to hear you elaborate on this. I agree that it is good to be grateful for what you have. It doesn't mean that you can't desire something more. The Merriam-Webster definition of 'greed' is "a selfish and excessive desire for more of something (such as money) than is needed". You can have a healthy, reasonable desire for more of something that would not be greed at all. I find it very hard to see how greed can make people poor.
full member
Activity: 291
Merit: 100
Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.

Not everyone can be rich.  If this were the case no one would do the shit jobs and the elite would become angry.  Your in a system which is designed to enslave you.  If your young you may laugh at this but you will see as you get older. Use this dip and take a chance to escape the system. 
full member
Activity: 265
Merit: 102
Even you earn big money still that's depends on how you use it like if you not save it everytime and buy things that you want then of course if a rich people have mind so they will only get rich and richer then save their money again in again another thing they spend their money in other way to earn big like business i think that's all can happen about money
full member
Activity: 364
Merit: 101
Greed is what makes people poor. We always want something more thats why we are never contented with what we have. We dont learn to appreciate the little things. If people only learn to embrace the importance of being contented then i think this world will be better in terms of economy.
jr. member
Activity: 139
Merit: 5
bitcoin will help smooth the economy in the world, because in addition to the many currencies that enter large countries, I believe that bitcoin will help the economy of society.
member
Activity: 392
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
because they do not know how to manage spending, most people just work to feel happy but not saving. if they are diligent in saving, they will be rich.
They will rejoice with the immediate rewards and spend all that reward. And then they have no plans for their living expenses. It leads to poverty repeating rotation. It is hard to recover and rich, they need to learn more to stabilize. Hope the future will be better.
full member
Activity: 332
Merit: 100
because they do not know how to manage spending, most people just work to feel happy but not saving. if they are diligent in saving, they will be rich.

actually the truth is that it works while saving, it's pretty good, if only you get it and then nothing is saved, we are the same. when can we raise money for the future.
member
Activity: 182
Merit: 16
  In general, it should be in a state where there are no thieves or bribe-takers. But we all know very well that corruption and bribery are flourishing in any country. If mankind could overcome these two main factors, it seems to me that all would have lived beautifully.
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