It is also a good idea to diversify business areas and should be applied in many countries around the world. Although I know that we have countries with few natural resources or territories that are too narrow to develop many industries, it will be a way for the economy to avoid sudden disasters. I always believe in the timeless strategies and sayings of those who go before, never put eggs in a basket.
Well, some countries afraid might not to get return of profit when making an investment in other sector. With so many ways that a certain economy could be efficient and profitable but the problem is there is always a corruption that makes go down and not generating income. Actually many resources in a certain country it's just needs to develop and have a brilliant strategy. 
Topic: What brings economy of a country down. (Read 1635 times)
specially endless money printing brings country down.
specially nigera been borrowing money from imf the people in nigeria did not get nothing money been moved out places like uk.
money goes but inflation stays its not just in nigeria but it happened in all little countries wich not so well developed.
specially nigera been borrowing money from imf the people in nigeria did not get nothing money been moved out places like uk.
money goes but inflation stays its not just in nigeria but it happened in all little countries wich not so well developed.
What causes a country's economic decline in my opinion is the loss of confidence in the investment. To run the economy and develop it, the authorities of each country are required to be able to create an investment climate that is conducive to both security and strategic projects. The goal is to attract investors to invest. However, what happens if economic growth triggers a loss of confidence in investing? Of course, there will be many investors who withdraw their funds.
It is also a good idea to diversify business areas and should be applied in many countries around the world. Although I know that we have countries with few natural resources or territories that are too narrow to develop many industries, it will be a way for the economy to avoid sudden disasters. I always believe in the timeless strategies and sayings of those who go before, never put eggs in a basket.
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As long as the national consumption figure is high, even though exports do not contribute to a large number, then a country will still have a stable economic climate.
Yes, Huge consumption and low production.
Another reason could be printing more currency notes than the actual worth of the country, Example Venezuela.
For me,those who went down in the economy that led the collapse of the country are the corrupt Governments.That stole the people's money and at this time we are facing where the country has no funds for the people because of fear that they no longer money to corrupt.And the second is now it is difficult to get the product from other country because of the pandemic.
Always that Corrupt government goes down and deeply experienced economic crisis,we can see that in many countries that has this same issue.African country to be specific ,there are some part that has this happening still.
I think having the ability to do business in many fields has a profound impact on the economy of a country and its people because the state must provide many job opportunities so that people can live in security and do not experience a financial crisis later.
If only people can have this but the problem is there are no lots of opportunities to create businesses or to find consumer.
I think the worse thing that could happen to a country would be for the exports to stop. If there is no fresh money coming in from the outside, this will bring the economy down very fast. The second worse thing to happen to a country we saw during corona, when the hole country is on lock down. If spending stops overnight in almost all sectors the economy is doomed without help from the government. If the government doesn't step it fast and helps our failling companies we will see mass unemployment which just making everything worse. It's a downward sprial taking the hole eonomy down.
As long as the national consumption figure is high, even though exports do not contribute to a large number, then a country will still have a stable economic climate. The economy of a country is stable because the main components that support its economic growth are not exports and imports, which are currently affected by global economic conditions, but the national consumption sector. So that the consumption sector must be maintained, even pushed higher to maintain the stability of economic growth.
There are many to consider in bringing down a certain country's economy. One of it is the corruption, here in our place the corruption is very rampant. There were too many unfinished infrastructure due to corruption as project has been implemented by phase basing on the budget allocated for them in a certain year or month for the community. Until now some of the projects are not continued probably the budget for the construction is given already but officials choses not to give it to the contractor a reason for not finishing the project. This is why our country is always listed in the top of most corrupt country in the world.
I think the worse thing that could happen to a country would be for the exports to stop. If there is no fresh money coming in from the outside, this will bring the economy down very fast. The second worse thing to happen to a country we saw during corona, when the hole country is on lock down. If spending stops overnight in almost all sectors the economy is doomed without help from the government. If the government doesn't step it fast and helps our failling companies we will see mass unemployment which just making everything worse. It's a downward sprial taking the hole eonomy down.
The reasons that brought down the economy of a country is the mismanagement of the Highest leaders down to its bottom. If the mindset of the Government officials are positive and productive, the economy will definitely grow and so the entire Country will. But if the leaders are only thinking about themselves and stealing the Country's treasury, then the economy will absolutely drop down. Severe Corruption in my Country made our economy drop and the people suffered from poverty and hunger. Its the sad reality here.
For me,those who went down in the economy that led the collapse of the country are the corrupt Governments.That stole the people's money and at this time we are facing where the country has no funds for the people because of fear that they no longer money to corrupt.And the second is now it is difficult to get the product from other country because of the pandemic.
I think having the ability to do business in many fields has a profound impact on the economy of a country and its people because the state must provide many job opportunities so that people can live in security and do not experience a financial crisis later.
If there’s open more businesses and offer jobs opportunity it creates demand and growth in the economy of a country. Actually in my opinion, when economy has a continues acivity it tends to move up or down businesses so there is also an increase demand. Lets just look on the good side during this pandemic happening in every country. I agree but the influence and corruption of political leaders is consuming almost everything even if there are business opportunities it is hiring unskilled workers and its impact on the country's economy demand is increasing on one side and going down on the other. Therefore it will not take long for the economy to rise if you are employed according to your skills china is much more efficient than other countries.
A country's economy is measured by the output of that country compared to previous years and the balance between exports and imports. In assessing a country's economy, it is necessary to consider factors such as the capacity of its workers, the proportion of the population in the working-age relative to its dependent age, health issues, and sexual relations. the ability to take advantage of the country's inherent facilities.
You did not mention Corruption mate because that is the main reason why any country can full their economy down because of this greedy worksof those who is running the government.
I think having the ability to do business in many fields has a profound impact on the economy of a country and its people because the state must provide many job opportunities so that people can live in security and do not experience a financial crisis later.
The agriculture is what each country must push,because food is what people need everyday.And every country that has strong agriculture never experience downing.
I think having the ability to do business in many fields has a profound impact on the economy of a country and its people because the state must provide many job opportunities so that people can live in security and do not experience a financial crisis later.
If there’s open more businesses and offer jobs opportunity it creates demand and growth in the economy of a country. Actually in my opinion, when economy has a continues acivity it tends to move up or down businesses so there is also an increase demand. Lets just look on the good side during this pandemic happening in every country. 
I think having the ability to do business in many fields has a profound impact on the economy of a country and its people because the state must provide many job opportunities so that people can live in security and do not experience a financial crisis later.
A country's economy is measured by the output of that country compared to previous years and the balance between exports and imports. In assessing a country's economy, it is necessary to consider factors such as the capacity of its workers, the proportion of the population in the working-age relative to its dependent age, health issues, and sexual relations. the ability to take advantage of the country's inherent facilities.
Because the sectors in MSMEs are mostly located in a country, in my opinion, and that sector is experiencing the worst impact due to this pandemic, so the whole or most of a country's economy is going down.
maybe in other sectors it has decreased too, but it is not that bad.
maybe in other sectors it has decreased too, but it is not that bad.
A lot of factors could be responsible for the depreciating of a country's economy. The human management, available resources, the trade(exchange). Then Diversification will be more handles within those factors. It is human that will control the resources and will strategize on how to diversify, the inability of man to maximize the use of the resources will bring the economy down. In my country we don't really celebrate what we produce , when we send our resources to other country , they produce 5 different thing from it give it nice package and we later begin to import it from them. Meanwhile if is produced here,people will not value it.
The countries with the worst economic decline tend to be heavily dependent on other, more developed countries.
For example, those countries in which the national currency is provided by the currency of another country, for example, the dollar, which in turn is not backed by anything.
The collapse of the dollar entails a fall in the currencies of all countries with which it is provided.
For example, those countries in which the national currency is provided by the currency of another country, for example, the dollar, which in turn is not backed by anything.
The collapse of the dollar entails a fall in the currencies of all countries with which it is provided.
this is not entirely true. because it depends on the geographical location of each country so how they can develop. For countries in Africa, they do not have natural resources so people have to live in misery. They only have relics left by ancient people to carry out the tourism service industry, in addition to the hard work and low wages. therefore, they are only able to develop the tourism industry and cannot.
Another example is Dubai, they have a country too small to be able to do multi-business business. Luckily, they live on the largest oil field in the world and so they have to be in the oil business and that is their main industry. we cannot capture all countries according to a theorem. that doesn't make sense.
Another example is Dubai, they have a country too small to be able to do multi-business business. Luckily, they live on the largest oil field in the world and so they have to be in the oil business and that is their main industry. we cannot capture all countries according to a theorem. that doesn't make sense.
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