Topic: Difference between past and present economy, - page 3. (Read 850 times)

It might be getting better, or as I believe, was till 2022, but we are unlikely to see it ourselves. You're right, the gap between the rich and poor is broadening day by day.

Electricity, petrol, groceries, everything has skyrocketed the past two to three years. Everything started going downhill with COVID-19 and the Ukrainian war, but from how I see things, corporations were just looking for a motive to bump up their prices. This, paired with a corrupt government that's funding the rich, keeps increasing the price of daily goods that were once considered cheap. Just a few days ago, over 900 medicines saw massive increases in price because they were "too cheap." But that's how Greek politics work—by messing with the lower and middle class.

I think there is no difference between the economy now and before, where as you said everyone has to pay and find out where to get the money, everyone has to try to find and fulfill their needs,

it is getting worse every single time because the price of commodities keeps changing if you are constantly going to the market their is no way you will meet the same price the way you left it something must have changed about it. over the years it keeps changing but the change is usually slow and am very sure that we did not even notice it but no it is very different the change is fast and we are all noticing it. the world is not getting better in any way rather it is getting worse, and even the coronavirus period is better than this things were not that expensive compared to now so there is still a lot to be learned because we can not even eat straight anymore because of this economy everything is becoming very difficult. the evolution also contributes to making these things the worst. so it is time we make a serious decision for ourselves on our to make our own lives better. because the solution is almost impossible to fix, even now we have to provide for ourselves and also take care of how self, everyone is now responsible for themselves.

Just enjoy the current conditions calmly and comfortably while continuing to work in order to continue to produce and be able to buy food and other necessities without having to complain and describe more differences about past and present conditions. Because everyone must have gone through their own difficult times in the past until they were able to get out of that situation and become better at the present with some changes that have been felt. So in essence, everyone should not complain and must continue to live their lives by making the best efforts to be able to change in a better direction than before.

Consumers still run like they previously did and education and healthcare problems are still existing.

The average money spent by the common man has increased and less savings are common because of the increased spending. However troubles with saving money were previously present too and ponzi schemes and scams were not uncommon, they are still prevalent and will continue to be, just the mode of operation will change.

However, a focus has been started on bitcoin and its use and that might change the economy in the upcoming years.

In fact, our world is getting better, not worse as many people think . But I feel like the gap between rich and poor is getting bigger, which is why many people feel like the economy is getting worse . Furthermore , it seems that the goods and products produced today are also more focused on serving the middle and upper classes rather than mass producing for the lower classes . Therefore , low-income people will feel their lives increasingly suffocated when earning money becomes very difficult due to competition while the prices of goods are too high compared to their income .

Not to mention the development of technology is bringing convenience to humanity but it also directly threatens the lives of the uneducated, whose income depends on manual labor. So it is understandable that they feel life is getting more and more difficult .

I agree with your opinion, because I can relate as well. Every year that passes is progressively worse for the economy; we're moving backwards instead of evolving. However, from what I understand, the OP is referring at a global level. I recall seeing a short documentary a few months ago that showed with statistics that the world is actually getting better (at least up to 2021–2022), even though the media doesn't portray it that way. On the one hand, I agree, the evolution of medicine and technology has broadened our horizons, but on the other hand, I've come to believe that the past few years after Covid have gotten progressively worse.

The COVID-19 pandemic may not be the only pandemic that have hit the world but it's devastating effect did change many things and activities around the globe, the challenges it created are still felt, ranging from work engagement, social relations and the macro economy performance. A lot of persons that were layoff are still grappling with unemployment till date. The economy is not in any recovery neither are there signs to that effect rather what we're witnessing on daily basis is hikes in prices of goods and services and high insecurity challenges which weren't there before the COVID-19 wave.

To worsen the harsh conditions the emergence of the Ukrain-Russia war, and other conflicts in the Middle East all these indexes put together can we really say things are getting better, life's standard is improving. Because from what it is an estimation of above two-thirds of the world population are finding it hard to survive the hard times. How many persons can actually afford a world class health care?

If you will see something change into your past and current economical status meaning there's an innovation and progress. This will just serve as an insight your state has a movement of changes for the future. Well it's bonded already because if you fail to get ride with the situation of the economy possible you will lose some of the opportunity to your life and also suffer of the current changes. Example you have a good job an investment in the future you use those to secure your self also by having an access with the convenience. Also you can see people keep doing improvements to their live and make more wiser.


Others have a privileges but of course it's up to you know if you will become as is what you have or look for more changes for better improvement. Just the rich people have the head start advantage but you can catch up with a good strategic in life.

You can only speak about the economy of your location because, in some countries, the situation might be the opposite. In my country, the economy has become worse. I remember those days when there were foods/feed that were reserved for animals because we had enough supply of food. Currently, those foods are now consumed by even the middle class. It was difficult to hear news of people who died of hunger, but today thousands are dying because of starvation. The problem is the gap between the poor and the rich has widened, and the middle class is non-existent.

In terms of education, technology and health care, there has been a massive improvement. Painfully, only the rich can access the best services. They are now very expensive. We used to have free public quality healthcare and secondary school education, but today, they are poorly equipped and funded. Only the rich can afford good hospitals and schools. I prefer to go back to the past because life has become hard, fearful and unpredictable.

The Covid pandemic is not the only pandemic the world has ever experienced, there have been many pandemics that caused much greater loss and damage in the past. Also, things take time to recover and grow, we were worse in 2022 but things are slowly getting much more stable. So to say that things are worse than before is too hasty, I don't think that's true.

Our economy is also cyclical and we are in a transitional period so there will be certain difficulties but I believe everything will recover and grow to new heights. Also, whether you feel the world is getting better or worse is up to you, the world will be different in everyone's eyes. People who earn more and more money will see the world getting better and better and vice versa.

At same there are many differences, there also many similarities. Since you talked about food and school access, let's draw some differences between these aspects in the past and now. In the past, access was more restricted, but on the other hand, the quality of the education and food were superior. Before food really tasted well, while now, cheap food (which everyone can have access) taste like nothing... If you don't have money nowadays, you won't have access to flavored and tasteful food anyway, because these are pretty expensive.

Education is the same, as nowadays everyone can go to school and get a degree, but it doesn't mean anything at all anymore, as there are many people with degrees who can't find a job or display professional skills which theoretically should have been learned and acquired during the college.

So, we live an illusion in the present moment, where you are just deluded to believe things are improving and you are having life quality, while in fact it's just that life quality decreased in some aspects, and that is the reason why it has become accessible to the masses.

This depends entirely on the country you're taking your reference from. Some countries that have been at war for some couple of years wouldn't say the present day economy is better than the past. Some that have witnessed a tremendous development will certainly agree that things isn't all that bad at the present compared to the past.

With the introduction of phones, cars and a lot of technological things that have come into existence, life has become much easier economically and socially than what it used to be in the past. It's just that we've gained exposure and wants life to get better than what it is now. Most of us work from home and can literally stay in our country and do remote jobs that's in a far away country. In the past, those kind of things never existed. They were restricted by the jobs that is available to them in Thier environmental and if they can't find one, they're left jobless. Those and many more are the things we are not suffering from.

The difference between now and the past is very visible, where the economy of today's society is in a very bad state, everywhere we see the economy is very weak at the moment, people who sell are complaining that there will be no buyers, the market used to be very busy but is now empty of people. visitors, due to the current economic downturn in society.

The harvest results that the community is currently experiencing are not as profitable as in previous years, where the harvests from the community's rice fields and plantations have decreased drastically, with very high inflation rates that are not in line with the income that the community gets, where all basic commodities continue to soar. price.

I think the economy have become worse than how it was some years back because of so many challenges.  Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown.

Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.

There is a big differences between the past economy and the present economy, because the world has been evolving, life was simple and soft when agriculture was the only option, before technology and education was introduced, because from my point of view, I observed that the twenty first century has been very hard and the situation is becoming unbearable to everyone, Africa is also my continent and a lot of people are really suffering, because in olden days it will be very hard to see someone dieing of hunger, but it popular nowadays, current riches are the ones that can be classified as olden days poors.

It's hard to distinguish the past economy when we're younger and the current one when we're more aware of the situation of our economy. I'd say that this varies per situation that we're having. We recognize how tough life was before if you come from a very unfortunate family and now you're able to buy the things that you want because you have a job and you worked hard for it. Those who are struggling are starting from the beginning and there's no one to help them lift their lives up. We can say that we've been there and done that and the economy for them is tough but no longer with you if you're able to buy things that you want and you need. It's that life changes, we grow older, opportunities come and we take it. I agree with you that the modern day also has given opportunity to those that are strategic and utilizing the usage of digital economy.

There will always going to be a difference between past and present reason been that the more the days are going that's actually how things are evolving and new ways at which will give people the opportunity of making themselves financially better will becoming and perhaps that's how it will continue as time goes by because in the next 20 years time we would likely see more positive changes more than our present economy, though I believe that those days in the past hardship was not that much because people of those days knows how to take care of themselves very well but most of them only depends on farming for survival and things were very easy and affordable for them whereas they would not spend much to buy things but on our present economy in as much as there are some certain positive changes but the price of things are too expensive for people to afford.

From my own perspective I see that There is a different between the past and current economy. Let me emphasis about Africa my continent. In the Earlier years past things where cheep meaning the poor was able to afford or carter for themselves, but today it is difficult for a common man to eat. And as well some who where poor back den can also be rich today. (Vise versa) curruption was also lesser compeard to now. People where agriculturally productive and self dependent, but as time goes on educational system was introduced, it was not really bad though but instead of education to create production it created Numerous numbers of consumers instead of producers who are even looking for job today. When I was younger, things where chip because there was enough production and almost everyone back then where producing one thing or the other. today some of our countries could have enhanced it citizen with some mechanism for production in different sectors, to be able to produce things and sell cheap, but they prefer importation. Thereby everything becomes expensive. The funny part is that majority of students graduates every year without a skill but hoping to be employed. forgetting that there is a large number of unemployed youths lining up on a que for employment in the society. So we are gradually moving from production to consumption.

Present economies are characterized by advanced tech, globalisation & digital transactions leading to increased efficiency. They often focus on services & knowledge based industries. Past economies relied heavily on agriculture & manufacturing with limited technological influence & local markets. Economic structures were more rigid & trade was often conducted through barter systems. Present economies emphasise innovation & adaptability while past economies were more dependent on physical goods & traditional practices.