Topic: What are some not so obvious things that damage a country's economy? - page 3. (Read 6505 times)

Do you know how much tax has been asked for medicines,alcohol and cigarettes,in most countries it is about 30 to 60% so this give huge revenue to government,Isn't it?

If government making huge revenue then it could leads to make them stronger economy,Isn't it?

Mass production of something will lessen the production cost not going to increase it.

If government care about the younger generation then should have to ban it but increasing or decreasing the taxes doesn't alter the usage or consumption it will makes more revenue.

First of all, what drugs do you people take? Seriously, the medicine has huge effects on the economy(?), oh another one, turns out alcohol has massive effects on the economy(?) You guys are exaggerating yourselves.

Do you think taking constant medication is good for the economy(?), for its people(?) I think you're all delusional. And for the record, the economy doesn't work that way, you guys need some simple economics course you need to take. There are a lot more reasonable conditions for an economy to drop.

If an employee gets sick companies would hire/have a temporary replacement to continue the work of the sick person. Problem solved. Do you think companies will just let it happen(?) Do you think all the process/planning/sale of the company revolves only to the sick person(?) Oh, and you mentioned a lot of people will get sick, how irresponsible do you think people are(?), and what is this a plague(?) And I am pretty sure the government does not propagate in using medicine, after all, the medicines are being produced by medically specialized companies that distribute their products to pharmacies, that's how they make their sales. The government is responsible for the permits of operation and its tax as a means of business. And mind you, people being poor are not entirely the government's fault with their taxes and such, sure they play a part in it, but in the end, it falls on the shoulders of these people. The same thing with alcohol, don't blame these things, they're just irresponsible.

I'm going to share what happened here in my country with regard to these issues: There is an increased tax on Alcohol, Tobacco, Confectionary-related products. Because the government saw an abundant increase in the consumption of the said products, they wanted to lessen it. Why(?) because they've noticed that besides youngsters being exposed to Alcohol, Tobacco-related products, death counts also increase for the same reason. Confectionary products are also having an increase because not only these products increase the count of consumption it also increases the cost of production, and not to mention the "import cost" of the said products is quite expensive.

Now I could tell you more but I'm just gonna leave it here.

But understand when people addicted to alcohol the government is going to make more and more only people will be poor.

Medical also the same but if government provides the best medical service for free then it will not be a business.

I think the problem with this is that for welfare at least, it'll be harder for watchdogs to track every single recipient to say that corruption is happening. For example the government program in my country where they give cash assistance to indigents, sometimes people that aren't very poor still manage to get money. Maybe they know someone who listed them, etc.

Sure any program can be taken advantage of but with such scale, it'll be hard to double-check. And there may not even be a concerted effort for corruption, everyone simply just takes a little bit more than what they should have.

The economy of every country depends upon its youth and if they are dismotivated the economy cannot grow or gdp will fall.The basic reason behind this can be umemployment,drugs,poverty,ill affect of social media which is promoting the negative activities or crime rates around the world.The governmemts need to take step to motivate them by providing them employment or training in vocational courses so that they can lead better life.Moreover they should made policies so that foreign investment increases in country which will generate foreign income reservers which can be used for development purposes.

In my own personal opinion, the not so obvious things that damage a country's economy is population growth or human overpopulation because some people do not care about the increase of number of people who lives in a country which can lead to a problem like increased in immigration, unsustainable biomes and depletion of resources, that is why we should control our population or limit giving births by making a law like one-child or two-child policy.

The economy in your country go positive way, maybe by using local products. So whatever you do, use local products, so that the selling value of your country's economy goes up.

Trivial things that have an impact on the economy, maybe people who prefer to play games or social media and other things that make unemployment increase. High unemployment rates can destroy the economic aspects of the country.

Stingy lifestyle or diligent saving it also contributes to the economic stagnation of a country, especially in the digital economy era as it is today. The use of smart phones and the internet is very high.

From a microeconomic perspective, saving is good because wealth can accumulate, but in the macroeconomy, this is not right on target because people are encouraged to behave in a consumptive manner so that the economy continues to spin. Economic growth can be supported by consumptive behavior, this behavior can push elements of the economic elements into operating, living and developing.

If the people are stingy and always save then the industry and services do not develop because they do not have a market. Consumptive behavior creates a market for businesses. In some countries the nature of mass consumption transactions is that the nominal amount of the transaction is small but the volume is usually used for food purchases and basic needs and payment for transportation services.

Suicide is low in the UK and in Greece, which indicates it's down to culture. The UK is a chatty country where people talk to strangers all the time. Greece is a country with a strong family culture.

Scandinavia doesn't have a strong family culture, and people there tend to be reserved and not as chatty or friendly as the Brits. So loneliness is a thing. Suicide is a function of loneliness.

Like road widening in a provincial land which barely cars passed by, that causes houses to be demolish? Why not in urban place. It is like shotgun project just to have government project as well to have a commission. The economic progress of the country will depend on governments project to lessen the problem not to add a problem. There should be solution first in existing problems so they can move forward to another plan, but they tend to escape it and do other project to mislead the project. The use of government fund should be address to solve economic issues.

I think fast food does not make a country's economy damaged, I actually see that having a restaurant like that will make eating easier and what makes the country damaged seems to be debt, when the country's debt is very certain the country's economic condition will be damaged.

The mistake there is not the freebies that they are giving away to the people or to the voters but the lack of awareness of the voters for voting those officials just because they spend some of their money into freebies. We should vote wisely and we should really see the election as a form of investment for the community and with that said, we should check all the background information about the official so we can make sure that they are good and not just a fake person who is trying to get into the position to steal some people's money.

For keep up the ruling power during elections parties used to give more and more freebies. Apart from this the election reports from every party will have some freebies announcements if they win in the election. By the time they never care about the education quality, the health care, or the employment opportunities. This affects the economy, better is to spend those fund for freebies into education and other basic needs that uplift each and everyone's life.

basically every economic system is well regulated and all happens because the intention and purpose of the individual itself as well as the crypto currency was created to keep abreast of the times and technology but the intentions and goals of its users are bad for personal gain and harm to others may be the reason the government has not yet fully legalized crypto as the prevailing currency

Economic growth is associated with progress and advancement. It is a capacity of an economy to satisfy individuals necessity by producing enough products and services, thus, government and those individuals plays a vital roles as well. Enhancing tax revenues would help government for further economic development and as well by continuously coming of foreign investors would be a big help, and lastly is the good review of politics to attract more citizen to participate in such advancement.

I am thinking about the same thing too. The morbidity rate increases as people keep on tolerating unhealthy lifestyle through patronizing and abusing fast food chains which has all the most unhealthy foods in the world due to the additives being inserted on it. I think if we are going to promote proper orientation on how to have a proper lifestyle and also a proper mindset in business, we can help in raising the economy of our country. Most of the people nowadays spent most of their time in social media and I think that needs to be regulated too for the country to improve.

Free stuff doesn't mean a bad thing in many cases, if a government can manage its resources to increase the GDP growth then it's not a problem, that's what every government should do.
But the most problem in many governances, there are corrupt people who always think to enrich themselves, that's where the problem starts.

Correct,government has so many projects which are redundant or not really needed.Like a road being replaced eve that road  still looks new and  being used. They are doing this because of projects. When there a project, there is a budget, a money going out from government coffers, and lastly there is a commission or kickback.

"Free" stuff. Imagine where all that have to come from. The government isn't exactly good when it comes to spending money and they end up trying to fill a bottomless pit. They'll just throw more money at non-performers.

The OP is thinking is very far fetched , if you are thinking of those things then we can talk about mental health as well.
If the schools are not teaching to kids to do sports on daily basis, to be active and so on then children have higher possibilty to develop addictions and mental health problems which leads to smaller productivity and bad economy

but something more solid and overlooked in my mind is high and complicated TAXES on small companies and individuals which discourages them to start bussines and pay their taxes.