Topic: How can we improve our country's economy by on culture or ecosystem? - page 3. (Read 917 times)

In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.

First point: Financial Education

• Making money
• Money management
• Growing money

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

For instance in our culture people tend to save their money by depositing it in fixed deposits (FD) where it will grow slowly over 10 years. Still if we educate people about investing in crypto trading or the stock market they can aim for higher returns in a month three months, or even a year. This change in culture will have a significant impact.

It's  important to note that the problem is not stress but rather mental health. People lack awareness and are afraid of taking risks which leads to the perception of stress. Stress occurs when people blindly follow tips or calls for trading which sets a fear in their minds making them believe that trading should be avoided altogether.

To tackle this issue we need to focus on the fundamentals of trading.
Fundamental analysisinvolves assessing various factors such as the company

• Management
• Environment
• market
• Team
• Leadership

Additionally,  Technical analysis which uses

• Charts
• Graphs

 
Technical analysis has become superior to fundamental analysis. Companies that were once prominent may no longer hold their value in the market.  For example Tesla which is only 10 years old has surpassed the value of  Ford, a company that has been around for 100 years. This shift in dynamics has made technical analysis a full-time profession.

Though anyone can perform technical analysis regardless of their profession. Whether you're a doctor, engineer, businessperson, or housewife, anyone can learn technical analysis. Trading involves  Two concepts:  fire and grid. If the market is going up, grid comes into play and if it's going down fire comes into play. Technical analysis helps in understanding these concepts but it's important to remember that trading is heavily influenced by psychology.  Success in any endeavor is 80% psychology and 20% skills.Emotional control is crucial as excessive emotions can lower your intelligence. Technical analysis helps systematize the entire trading process, reducing emotional influences.

NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.

It would be amazing to have zero corruption, don't you think? As simple as that sounds, it's not. This is like to saying, "All we need is peace in the world, and everything will be okay." Even so, how can we really accomplish it?

The true difficulty lies in putting anti-corruption measures into practice, not in writing them. Concerning taxes, what about them? I would love to be able to purchase more cool items from my favorite online retailers if taxes were to drop. Nevertheless, you know, taxes pay for a lot of necessities. hospital, school, or road? Furthermore, those items won't simply pay for themselves if there is no corruption

Though there are still a lot of finer elements to work out, the overall concept is quite attractive. Activating the light switch and witnessing everything come to life is not the only complicated aspect of it

As citizens of a noble patriotic community, we need to support the government through what they are doing for us, we gave to be supportive and encourage them to do more through the attitude we show in appreciating them, also, we need to develop our own self confidence and reliability in what we do, we are not expected to go by what comes our ways, we needed to be carried along in understanding the benefits of every development that comes our ways indirectly goes to the community as well.

In developing countries, having a background in entrepreneurship can really help solve local problems. Because direct income generation through a startup can help remove middlemen, who often make up the bulk of the profits, in the system.

There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.

The root of the problem is how to get rid of the debt spiral and start saving extra money and then learn how to invest it. In my area, many friends all dream of buying things with debt, a new house, a new car, or a tourist trip that is paid in installments, and after several months the person is surprised that he owes a lot Of the obligations, even if the salary is delayed for one day, he will need to take a loan, and here the real problem begins.

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

Eradicating corruption is not an easy thing to do as many people have talked about because this has become a culture for those who have the power to commit corruption and this will be very detrimental to many people, but we need to prepare various strategies so that it can be carried out well for us teach it to the younger generation and if we don't have room for it we have to start first from a small scope such as teaching our families about the dangers of corruption so they can carry it out in their lives.

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.
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