The fundamental cycle of Economics (PDCW)
Feb 19, 2023
In a nutshell, Economics deals with the cycle of Production of goods and services, distribution of them, consumption of them and as a result generating wealth (PDCW). The generated wealth fuels this cycle to keep it going smoothly. Any activity that takes place in any one or more of these stages, either directly or indirectly, is called Economic Activity. All the other terms/concepts/phenomena in economics are derived and defined from this cycle and walk around this cycle.. The smooth running or hard running or break down or acceleration or deceleration, etc of this cycle decides the economic growth.
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Is crypto currency a friend or a foe to the global economies?
Aug 13, 2022
Crypto currency is a digital/virtual currency which serves the same purpose of physical currency. These coins are encrypted digital files. This wouldn't be in the control of any state since its dynamics is purely driven by objective market forces of demand and supply. So its dynamics can not be molded to favour the interests of humans there by to support their economic systems. So it is not in the favour of humans.
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Economy
Golden opportunity for India to take back its lost territories from China and become world economic giant.
Sep 10, 2021
Now the entire world is against the dragon due to its Corona episode and expansionist philosophy. India has been the easy target for economical and geographical intrusion of China. Now it is the right time to India to take back its territories, collapse the Chinese economy by making the Indian products the alternatives for Chinese products in the world market and become the world economic giant.
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How the present global economies are not scientific and welfare in nature..
Jun 01, 2021
The present global economies are unable to ensure the subjects, employment, free education, free health, food, etc, though it is possible to ensure. The age old tradition of eating of small fish by the big fish is continuing. Hence these economies are not scientific and welfare economies. That is why these economies tremble even to a small gust of wind like the COVID-19 episode.
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Economy
Rational Individual Budget Driven Economy (RIBDE) for sustained and robust Economical Growth
Jan 08, 2021
The flow of wealth and labour should be uniform and rational. This will enable every nuke and corner of the economic system, to participate actively in the economic activity. If it happens so, sustained and robust economical growth can be ensured. The budget of every individual should be desingned in such a way that the wealth flows to the fields in proportion to the labour and population engaged in that field. This will enable all the individuals to actively engage in the economic activity. This will lead to astounding economical growth.
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Economy
Virtual Economy Software (VES)
Sep 06, 2019
We can build a virtual economy software which mocks the economy with all constraints, conditions, etc. When the new policies are framed, before their implementation, these new policies may be tested on this software to know roughly, the after effects of the new policies on the economy, before hand. This will facilitate the economists, policymakers, etc to have corrections in their policies for better results. These days, when the complex animation software is possible to be built, why would not this software be possible? This will help to avoid economic recessions..
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Economy
What is brain economy?
Apr 02, 2018
Can you please describe what is brain economy. For me everything is driven by brain so all economies are brain economy. Can you please answer this?
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Economy
Human Civilization