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Economy of some country fall due to they channel their economy in one area,what brings economy down is base on focusing in one particular sector not to be diversified in different sectors, so when that particular product fails to thread in market the way it's before, such country will be shortage of economy and the life of the people will be in danger base on things is moving wrongly to the country management,
And the way a country can be free from falling of economy is to spread their economy or diversified economy so that when one of the sector shutdown another will pick up.

Diversification only applied for manage the country's reserve, as for the economy itself, to determine what to produce, it's better to let the market decide (free-market system) since the government cannot predict the future, what people need and want.

What you describe on the OP is precisely why the command economy failed.

Let us first address what a country's economy depends on:
 • Workforce
 • Availability of Natural resources
 • Skill
 • Education
 • Management
 • Government Relationships
 Etc.
Diversification is essential ofcourse but at the same time if one sector falls down and other sector picks up , one needs to handle people and resources involved in the failed sector too .
It's all about Sustainability. How well you can manage and make it competitive. The market is no doubt cruel , but at the same time one needs the knowledge of their own country's location and natural resources too .
If the country is in a Tropical section then they can for sure try and invest in farming , horticulture etc... But most of the times it is not the choice if the government but people themselves.
It does depend on the interest of people , what they want to do and what they don't . Government owned business are not the only thing generating revenue for the economy.

This is evident in Nigeria, prior to the discovery of oil (in 1953) agriculture was the main driver of the economy contributing hugely (more than half) to GDP growth and also export revenue.
The quest to discover oil in Nigeria began at the turn of the century and was very expensive, after it was discovered in 1953 in non-commercial quantities, over £6 million (£123 million in today's rate) had been spent on the quest, hence more effort and resources were engaged to accelerate the discovery of oil in commercial quantities, inorder to recover the lost funds, this was achieved few years later. After this, efforts were hastened to begin exploration later in that decade.

During all this, agriculture which was the was the core of the economy was beginning to be neglected and it's contributions to GDP growth began to drop, export revenue accrued from it was hit harder, as all efforts shifted to the liquid gold.

The discovery of oil however did not rescue the economy as many thought it would, mismanagement of the oil industry led to conflict in the oil producing states as the indigenes clamoured for better revenue to their zone. The oil drilling exercise destroyed the environment and fish market which was the main source of income among the locals was crippled due to oil spills. Conflict and militancy slowed down oil production and was a menace for many years. The agricultural industry was thus double affected by the discovery of oil as lands and vaible waters in those regions were lost.

Fast forward to today, agriculture barely contributes 5% to national export revenue, and the country's inflation index has spiked from the period before the discovery of oil to today reaching a height of about 2000%.
Crude oil failed to boost the economy due to mismanagement and corruption and the lack of attention to agriculture meant there was no diversification.

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With the Advent of electric cars and the quest for safer and renewable sources of energy which doesn't harn the environment, the oil market would likely drop in the next half a century, adversely affecting economies which are over reliant on it.

The economy is measured by gross domestic product. The economy of a particular region or country is governed by its culture, laws, history, and geography, among other factors, and it evolves due to necessity. Extended periods of sluggishness can easily lead into a recession, so a sluggish economy is often considered a leading indicator of a potentially steeper downturn

COVID19 had brought country's economy down.  :-X

Some countries are dependent on their oil exportation which their economy will run smoothly and some have a booming economy because they are heavily industrialized like China. Taking that out from them, then they'd be crippled. A city like Las Vegas' economy is dependent on tourism, due to Covid19, they are helpless which is why they have to make it work and open casinos despite the risk.

Another will pick up which means they will start over again?
Ain't that the reason for a bad economy.
Instead of keeping what is already there, they will try to bring one down so another could flourish.

It will base on what a country can produce.
Imagine if the United States is producing rice in Nevada. Is that
Or in Amazon they produce metal.
So, how could you diversify if the land and resources cannot provide it?

The economy of a country also depends on the mentality of its people as well. For example, in my own country, lots people like to store the money as hard cash (not even in bank ) rather than spending it. So, a huge amount of money becomes stored which could be used for productive purposes. Thus despite of diversity, natural resources our country can not flourish economically.

There are several reasons why the economy of a country can go down. Its a very broad topic. The changes can happen due to change in aggregate demand and supply, wrong monetary policies and so on!

The "mentality" of the people shouldn't be blamed in this case! It is because of the government making bad fiscal policies that might have triggered people to store money as cash outside the bank. Proper policies and incentives taken by the government can encourage people to start investing their money on business and elsewhere.

From my point of view I captured that the country just focused on one sector leaving their initial revenue that brings income into the country.
So they just focused on oil instead of agriculture which they started with.
And base on crude oil is in the market enough more than the way it's and it has no value like before,automatically it brings the economy of the country down.
How assumed the way they started with agriculture they maintain the agricultural sector they would have not lost their economy.
So therefore both agriculture and crude oil, suppose to be given attention because if this two sector that generate revenue for the country operates the same time the country will make a better profit.
Shall in all ramification is mismanagement that caused everything.

I totally agree with you. A country or economy that doesn’t diversify their means of income is risking it’s self hugely. The world is moving very fast and technology has taken over it.
Other things that bring an economy down are
Corruption, mismanagement of wealth, Lack of resources.

I absolutely agree with the author. To boost the economy, it is necessary that some of its sectors begin to develop actively in place of collapsed sectors of the economy. And for this they must be sufficiently developed. Therefore, the state needs to invest money in various sectors in a timely manner. This must be done in order to avoid a fall in the economy during the global crisis.

Lets look at it from a different perspective as regardless of the government of a country diversifying her country's economy into different areas, they will still not yield a positive outcome if the government is been occupied by corrupt individuals. If you have studied the economy of most Africa country you can easily observed this statement above been very accurate.

The issue isn't that the countries aren't diversifying and investing into different sections of her economy but the corrupt politicians (only interested in enriching themselves) aren't ready for the progress of the country's conomy so as to keep the masses in poverty in other to win their votes when the next election approaches.

What brings the economy of a country down mostly have to do with the government of the day, as when the government lacks innovative minds in her cabinet to contribute ideas on how to improve the economy of her country, it bring the economy down. When corrupt politicians are withholding development so as to favour their selfish interest, it bring the economy down. I could go on and on but the point I'm trying to make is the economy of a country totally depends on the government as even the private sector tends to benefits when the government passes laws that encourages friendly environment for entrepreneurs to build on the workforce of a country.

When it comes to economic shutdown or plummet, there are a lot of factors. There are signs that an economy is plummeting, one is its contant negative GDP growth, this means that companies are lowering there expenses there fore laying off workers which in turn makes a low currency circulation thus reduced GDP growth, overextension in credit can cause recession because they are using government fund and the slow repay of this credit back to the state causes reduction in economy circulation, creation of artificial increase in interest rate can cause recession. With regards to the quote above, simply investing to sector doesn't aid or prevent a economic plummet, well management of financial reserves and upholding a good financial policy will help a lot because this prevents banks from creating a bubble that only will benefit few people in the long run.

Covid19 definitely can bring economy of some countries down due to how industrialized that particular country is.
Some many countries don't depend on oil but them keep on surviving why because they have objective that will make the not to regret in their economy.

Third world economies are usually focused on selling and exporting one product.
What can bring down the economy of advanced countries:
1.Wrong monetary and fiscal policy by the government,which creates budget deficits and hyperinflation,which might lead to the country's bankruptcy.
2.If the country exports a lot of goods to other countries and they stop buying those goods.
3.Creating bubbles in the financial markets of that country that might burst and create financial panic.This has something to do with the monetary policy,money printing and regulations over the financial sector.
4.Wars and natural disasters....

If the country is under the pandemic means the economy of this are not good well. But if the government gives some mandatory to their people , government can open an establishment that need in this situation. Like groceries , pharmacies and many more that can help to rise economy that can help to maintain not as big but good to the government . But we know that is not an easy to the government to back the good economy under pandemic.

Just by giving the recent effects of the pandemic, an economy of a country goes down when its GDP, Income, employment, production and the like goes down/stops. Basically, if businesses fail at employing what they should be doing, giving income, receiving income, producing products, accepting employees, etc., you can consider the economy of a country to go down. Ofc, that is considering, a majority of the businesses in a single country fails to do so. Just like in the recent pandemic, it's not like they failed to do so, it's that they had no choice but fail.

Just like his example, some countries depend on oil and hence, that country provides income for their own country by selling it to others. But imagine if they stopped because of external reasons, it's not only their business that would go down, but also the economy of the country because the profit that enters through them went down the drain.

Yeah but the government backing a patricular sector needs to come from somewhere. Either they take away funding from a different sector, for example freezing in the pension payouts for sometime while increasing social welfare spending. But this will most of the time not really help, just shifting the problem from part of the country to another.

The other way of the government to support their country would be to print new money. But then internationally the value of the currency will start to decline making it worth for any imports. It's very hard to support your economy and still remain competitive in the long run.

As  for giving out new debt, it always needs someone to buy that debt. And if the hole world is in crisis mode, it might be particular difficult to raise new funds.

Usually, a virus and a recession in a country cause a country's economy to go down COVID 19 closes everything due to trade with one country stops trade with another country the country's economy is disrupted and the economic downturn occurs. Everything from import to export remains closed The economy goes down because no one can provide money in any sector at the right time.

This is the same thing that’s happening with some countries, especially in the developing countries. Some countries neglect other things they can do and only focus on one particular thing that is giving them money, maybe like Oil, and they forget that they should be putting effort towards making other areas/sectors better to help their economy.

Instead of focusing on one thing, they should be looking into other things as well, just like agriculture and invest in their local farmers and try to most of the things they have to import, that way they will reduce their import and increase their export. In cases like these, it’s mostly the government that are to be blamed, because they don’t do the right thing by showing support to people in those particular areas.

This is just a simple cycle of how the economy works in every country
- people work, people have salary.
- they will use their salary to buy some things.
- they are helping the economy thru spending their salary.

Its just the simplified cycle of how the economy works but there are some things that can be added there.
Right now, people can't work because of the pandemic and since people can't work they doesn't have any salary to spend on their everyday lives. Because of this, they can't pay tax that can be used by people in different things and also they can't contribute to the economy since they have nothing to spend on.

In the current situation, covid-19 has brought our world economy down and this a biggest downfall we have encountered this year wherein every countries are striving hard to stand up and fix everything as soon as possible. As the moment of this pandemic everybody lost their job and many companies closes down because of the scare of the virus. Just by this scare, every economy literally down and no one knows when this will end not unless vacinne is available.

I think that is not the only reason a country's economy goes down. In every country in the country, they know that what is the best resource and people there will exploit it for business. At that time, the economy was always developing well. And the problem you're talking about the failure of some businesses will lead to the economy going down quite wrong. because when doing business, business owners also need to hire employees, find supplies and that is the action to increase GDP for the country.

The downfall of an economy is not just about startups failing. The problem lies in the money supply and the money circle. Failing startups also contributed to the country's GDP thanks to their involvement in trading in the domestic market. But if the money cycle is slowed down then that will be very worrying. because then money is only saved and it is not used to do anything, it will not have a positive impact on the economy. Since then everyone's income is lower and that's the fear.

It's hard indeed, there are lots of things to consider since pandemic virus really affects not only physically but also mentally
people are scared being infected of this virus. Economy falls without any  government good plan ahead it will continue to
experienced more hardship.
It's indeed needed to have sources of funds as long as they are well prepared with consequence that they've needed to
surpass once they've encountered.

That's really the most miserable thing that happened this year 2020, because all of u aren't expecting that this Covid-19 will grow that huge. This pandemic cancelled all the activities in all sectors that make the economy move. Most of the countries who are affected by this virus really experienced a downward movement in their economy just like the US.


Saudi Arabia also are exporting some of its oil so that they can make their economy survive and stable. China really have a stable economy even though the virus originated in their country, and right now, the cases in their country is small than you can imagine. I don't think that this virus really affect them because instead of a downward movement in economy, they experienced a growth in their stock market especially that they are also the number 1 manufacturer of other countries. So for me, this virus really is not that hindrance for them to achieve economic growth.

The cause of a country's economy is down, because its ability to buy products is low, unemployment is high, and job vacancies are few.
That can make the country's economy fall, but now many are blaming COVID19 as the cause of the falling economy. If we think calmly,
surely we realize actually because people cannot make money. Then the country's economy to fall.

Actually, the answer to this question is very simple and quite plain.  It is even possible not to answer this question economically.  The exact answer to the question is bad country management and bad political management.  This situation today as the most vivid example of Turkey and Turkey's economic management conditions mentioned.  In addition, we can show the Turkmenistan state and its people as an example.  Although the country seems to be a rich country, the fact that the people are poor is completely due to political administration.  If we need to examine many countries with such situations, we can see that these are actually the reasons of countries sinking.  I do not want to pull the incident from a political perspective, but as I mentioned, we can find an answer to this question politically, not economically.

The market must indeed stand on the principle of free competition (perfect competition). The existence of perfect competition does not aim to monopolize but creates as many consumers and producers as possible in the market and the heterogeneity of available goods. Both producers and consumers must be able to maximize the achievement of each that is gradual and sustainable with the ultimate goal of achieving economic satisfaction.

However, this does not mean that freedom is absolute, there must be a set of rules and values that govern and ensure that the rules are implemented. Without the values that govern perfect competition and the rationality of supply and demand is difficult to realize. Therefore, the role of the government is only as a market watchdog of fraudulent monopolistic practices and practices that has the potential to damage the mechanism of perfect competition.

I can accept the fact that a virus can bring down economy of a country because if such country is into disease crisis it will make people in charge of some sectors to be incompetent in duties even leaders those who governor the affairs of the country will be discouraged to function effectively mean while they will begin to be weaker in industrialization and it will bring country economy down.
Because the health status of workers is not encouraging. Example of virus that can cause such type of economy shutdown  is Corona virus and HIV. Because they work directly with the red blood cell.

Only one side economy is not always blessings for a country. Already it was proved by many countries. In this regard, Vietnam can be mentioned for their oil based economy and for it their economy collapse after getting down the price. Some country still depends on one side economy like Bangladesh which is dependent on RMG sector. Let's see what will happen next there.

It's the government decisions, even though here is against to the decision of the government, they cannot change the plans or decision of their government, well some of the countries are like that, they don't even listen on the needs and suggestions of their members so some of them made a mistake.

Knowledge is also can be one of the factors of going down of the country, why we are all studying? Who we spend almost  15 years of our lives studying? It's because we want to get work someday, and if we have good work or jobs we can help our economy. That is the reason why some countries are rich and powerful because they prioritize education which is a really important and good decision because, in some other days, these people who are patient in studying would help their economy.

Yeah, the community really affect the economy of a country, once people are really knowledgeable and know how to budget their money, the government will really not have a hard time allocating the budget for other sectors that needs to be prioritized. Most of the people are storing their money in a safest place and they will only use it if it is really necessary. Also, if those businesses are not operating due to the risk of this pandemic, the taxation will become hindered and people will not also earn money and the economy of a country will really have a downward movement.

If there are no recession or virus situations like now, I think yes, the government can diversify the economy to many sectors, so that can prevent the economy from fall down. But if we are in these situations, while people can not go out and stay at home, it will be difficult to diversify the economy to many sectors. But luckily, right now, we have an internet connection which can help people to keep survive in this pandemic. I see that company has moved their concept into an online store where they now accept the online order which they never touch it before.

Today we experience the quarantine because of the pandemic outbreak which is the coronavirus because of this virus we cannot make a going upside because some of the company they want to avoid getting spreading the virus rapidly. Because of this some of the transactions on the business and other kinds of transactions getting canceled because they want to secure the safety of the people and of their workers.

This may affect the industry especially to the people which is food manufacturer, tools services, and another kind of things that is part of the basic human. Most of the GDP of the country today are falling down and one of the countries which is recovering and maintaining the GDP of their country is China.


Even there is a quarantine some of the country today resume the work because they want to avoid going down the GDP of their country and we are heading towards that we can now have a vaccine so we can back to normal and back to the life before that we do not have any virus.

https://i.imgur.com/uizuveO.png


Thanks for quoting investopedia for us. What would we do without you...  ::)

The question can be addressed in many ways. For instance, a natural disaster or a war can bring the economy down. It all depends on how the disaster or war influences the area. A war can be beneficial for the economy (see Germany or the US during the WW2) or it can be a disaster (the Balkan war, Iraq, and many other).
Usually a threat mobilizes, but an overwhelming threat induces fear and becomes counterproductive.

The quarantine will help infect people to be cured in one sterilize place. Maybe we need more time to get the right vaccine that will help those people, while the professional still trying to increase the immune of the infect people. Slowly, the situations can back to normal, maybe new normal because the situations now will be different before the virus come.

Economy system where no money is involved and trade is done as direct exchange of goods is an economy too. Having enough is extremely important for stability. Economy is the thing that allows us to survive and thrive. A system where no money is involved and trade is done as direct exchange of goods is an economy too. Having enough is extremely important.

So better tell you country about this,teach your government to do what you are telling us but talking here rrandomly?you only make yourself stupid.

And like a story teller that talking shits for him just to have a post.


Boring lol,Hope you will gather the merit you wanted to gain posting like this.


It has been the issue since then,even without the pandemic some big countries are starting to collapse.

IMO, diversification is not even the whole problem to economic growth. The endemic problem is a system that is corrupt. If you have corrupt leaders, diversification is just another means to embezzle the people dry because money generated will find its way easily to their belle.
A country that has good leaders can better manage a single stream of resources than buoyant diversified economy.

We based the economy of a certain country through its GDP or its gross domestic product. GDP is calculated through the countries consumption and invesment.

It's good that government should learn to diversify their economy through their different sources of revenue like tourism, export goods and even oil production in some countries so that economy won't continue to fall particularly in this pandemic days. But we can't expect nowadays that everything will be back to normal as this pandemic case still continue to grow knowing there's no vaccine yet to stop the virus.

Of course government policies have an important role in a country's economy. So if the government is good at managing assets countries,
it is unlikely that the country's economy could down. Another thing that made the country's economy down was the lack of entrepreneurs
who opened up business, so jobs can be created. If there are many jobs, the income of the population increases, this is what makes the
economy strong.

I think the reason for the country's economy going down is the government's unawareness Everything interferes in the hands of political leaders in which case the leaders manage everything as they wish. In addition, if inflation occurs in a country and resources are not used properly the country's economy continues to decline If the government itself takes the right steps it is possible to reduce these to some extent The government is responsible for this.

Actually the market tensions also play a major role in determining the Countries economy to  certain extent. Take the example of India vs China border tension going on now, there will be a lot of spending if both the countries go to war and then the government would have to pump more money by printing more of it thus inflation will also be there and then there won't be much business due to the increasing number of COVID cases, thus bringing the economy down even more.

I believe that the main reasons that caused recession in the country is the simultaneous failures of businesses and investment plans. Financial, psychological and health problems and real economic factors are at play in the causes and effects of recessions. The very reason that brought the economy more vulnerable to economic shocks this year is the impact of Covid19 and the preceding decade of extreme monetary stimulus..but, somehow, with the right management of the government and country's business leaders, I believe that the economy will rise.

Economic diversification is indeed important for a country's economic growth and development because it makes them flexible over the products they produce and export but for poor countries, they often struggle with diversification. Poor countries or other developing countries find it hard to diversify since they often depend on a single or primary commodity that they have. Instead of trying to give opportunities to other sectors, since they lack resources and other things, they tend to only focus on what product they are rich at.

But if I'm not mistaken, other countries we are able to diversify on the main mineral product they export by innovating and developing the quality of their products which allows them to improve their trade sectors. So I think even with lesser commodities, countries can still diversify and improve their economic growth, it's just a matter of managing and maximizing the resources they have. They can't just depend on a single sector when they can develop or improve other sectors as well, for long-term and stable economic growth.

Failures in the business are government responsibility. Small business is bad because of their erroneous actions. New firms cannot open, old ones close.
My opinion is that failures in the economy are the responsibility of the government.
But I do not know what remains to do to citizens in such a situation.

The government can stop this war if it wants. But they call for such a war for their own benefit, which harms the country's economy as well as the common people Inflation is caused by war and they also lack adequate social policies so the economy suffers more.

A country's economy that only focuses on one thing will be easier than a country whose economy is more diversified. Not all of countries are able to change their economy to be more diversified sector because it must be supported by the country's natural resources and large budget. The most obvious today, to make more diversified sector will require large costs and maximum sector management.

Have you invented the Bicycle again? I congratulate you on such a discovery!
And now let's answer the question - which of the sectors of the economy is profitable to support the other or even competitors rather than develop and grow itself? The answer is no one except the sectors with state participation. Or do you think that the grocery sector (hypermarkets) will support the automotive industry simply because they are so kind and do not want to run out of cars? Lol

I believe that in this situation, when the world is faced with new challenges, including the coronavirus pandemic, to save the global economy, as well as the economy of each country individually, all governments must resort to non-standard solutions to solve the problems associated with a balanced the work of the state system and business. in my opinion, a very good step by the government will be an amnesty of capital and certain benefits for a particular business sector. the fact that today they are trying to solve the problem by reducing people and not paying salaries to these people, with these methods you can only achieve the opposite result and can not solve the problem.

This is one of factor why we have problems to economic growth. Even if you diverse the nation's economy if there is corruption it will just digest by the negative things happening in the government. Look at some countries now, even we are having a pandemic there are still government official who is trying to steal from the fund. I wonder why the governor of Tokyo in Japan resigned after a funds scandal, if he has nothing to do with it then he should stand strong.

Just a good leader is not enough, we have a lot of them but sometimes the real problem is with the people who he is leading to.

Good comment! At least you started good, but let's talk about those "good leaders" and where they can be found, in which county? Maybe Island? Or some other small country, where people live in peace, without interfering with global wars.
When you have a leader it's like gravitating to centralized system where one man is in charge, I am for decentralized system, where people have to learn how to be good and how to respect everyone, and of course to be respected by everyone. We need a society where people will do good things not for reward, they will do good because it's the good way, and they will not do bad things because of the punishment, they will not do bad things because they know it's not good to do it.

Corruption is the worst enemy for a country's economy to go down and not allow them to prosper.
The ability to govern the nation's leaders also plays an important role for nations to achieve the desired progress of those development plans implemented so that citizens achieve a good quality of life.

Indeed! Corruption can disrupt the development of the country if the said leader is taking the money straight to their pocket. It will take some patriotic president to not to actually fall for the money but instead he's down ready to develop his/her country. One of the best example is the country of Japan and we all know how sincere and respectful to each other and is not likely to make any scandal publicly, that's why Japan is evolving fast after the WW2/Hiroshima bombing.

If you know the story about this you will know how they managed to rise up from the bottom after the war.

The number 1 reason that the economy of a country will go down it's because of corruption.

If you are really interested in this, you can check out the case of my country, Venezuela. The problem is that depending on where do you get the info, It will be very biased, mostly because the left like to use this as an example of how evil is the world and US bullying a shitty country.

To get to the point, one of the biggest flaws of this economy its that always has been based in a single product economy (oil), its has been like that for decades, but we one of the best and more profitable oil companies in the world, but for the last 20 years this have been milked for the dictatorship of Chavez and Maduro, to the point that when the took this the daily oil production in 2000-2003 was about 3m daily barrels, and now is around 500k (in 2019 was 800k so it's not because of the covid19).

https://www.eia.gov/todayinenergy/detail.php?id=39532#:~:text=In%20April%202019%2C%20Venezuela's%20crude,2019%20Short%2DTerm%20Energy%20Outlook.

https://www.ceicdata.com/en/indicator/venezuela/crude-oil-production

Why is this? Because of the corruption going rampant in the country, many people that used to work for this company have flee from the country, there is 0 investment on improvements, maintenance or hire of capable personal to keep it running, beside a horrid leak of capital on contracts that are unnecessary or do not ever get done, the refinement from oil to gas stopped completely and we now need to import the gas from other countries.

Countries with single production economy are really vulnerable to falls like this under bad management, but still something like this can dent the economy of anywhere if you give it enough time, the thing is that here they didn't need to hurry, they knew the could to it slowly and put the blame on others with their never-ending victim complex.

This is definitely true. Lots of huge businesses here have no choice but to stop their operation because of the pandemic. Our country is now having a huge debt because we have nothing to sustain the treatment of covid patients because of the economic situation and the government also needs to sustain the necessities of the people. Some unexpected situations could bring the economy of a country down.

If all people has an emergency fund then government will not suffer too much damage about this crisis. And also if China closed there borders immediately then the spread will not be this huge. Anyway, Recovering from this pandemic is still easy since there is no structural damage which will give a country a huge debt to recover. This pandemic actually stop the world war 3, Before this pandemic hits, There are a lot of tension in middle east and the south China Sea.

Of course this covid-19 makes the economy of almost all countries in the world go down. Because some countries are forced to quarantine.
So some companies, offices, factories, shops, malls, etc. must be closed. So many people suddenly have no income, this also causes the
country's tax revenue to decrease. After that the government must provide stimulus to the poor, all this factors makes the country's economy
fall. Therefore, now some countries force to open quarantine when it is spreading corona virus is still happening, to make the country's economy
rise again.

Corruption makes the country's to fall, even countries with less resources becomes well rich when they got good leadership in their government and most of the African governments were corrupted so they become most poor countries in the past few decades.

Its really hard to build 100% devirsificated economy especially for 3rd world countries. They usually dont have anyother other than tourism and/or raw resources

A country is said to be not sovereign if conditions abroad affect domestic stability. The country has no resilience. Venezuela is lulled by the title as a big oil producer, even though its production is large, Venezuela is only a price taker, not a price maker. Saudi Arabia alone is known as the king of oil only a price taker. The price maker is of course the US, which has so far supported the security of oil production in many regions.

In my opinion, the fall of Venezuela was not only due to corruption. Systemic corruption committed by almost all leaders of a country has become common knowledge. The mistake is in the governance of the state carried out by the government. lead but do not have knowledge about the right state and create national resilience that can block or minimize the national threat. When Venezuela easily gets dollars from oil exports, Venezuela also opens the door to imports for the basic needs of the Venezuelan people so that dependence on imports is very high.

When oil prices fall, only a few dollars can be used to import and to pay off debt. When the total embargo was carried out by the Americans, Venezuela was increasingly cornered. As a statesman, a leader should make many simulations starting with the question "what if" or the role of the National Security Agency in a country must be active and proactive so that a country can dominate with its resources. When Venezuela was cornered, as usual China and Russia came as helpers, of course, there was no free lunch. Finally, Venezuela is only in the vortex of the competition of the world's big players.

It depends on the situation if the government is able to diversified in different sectors to avoid economic breakdown. In this circumstances that every country are affected with pandemic and all government sectors as well as the economic sector is too much affected,all are cripple,tourism,agriculture,fisheries,business sector everything is now facing difficulties.And this matter will be the huge cause of economic downfall for every country. If pandemic continuous,government and community will continue to suffer and time will com government economic problem can't go back to normal easily. Another reason why economy go gown ,it's because of corruption which is continues to exist even in the middle of pandemic.

Having a diversified economy helps a lot, but it is not the perfect solution. There are countries such as India which have diversified economy. But the GDP per capita is much lower when compared to countries such as Maldives and Gabon, where the economy is overdependent on a single sector. Effective management of the economy, eradication of corruption and a low population growth may do the trick.

For me, this pandemic really affected our economy and it can lasts upto 3 to 5 years to full recover. This quarantine makes those small and large businesses to be closed, they aren't allowed to operate that's why they can't earn profits that they are expecting. They only spend their money to their necessities as this quarantine is still active.

Business owners is having a hard time to retrieve the budget that are allocated to all of their expenses. If this Covid-19 is active until next year 2021, some countries will really have a hard time to control their budget for its community due to huge damage in economy.

Governments should think of a feasible and effective solution that they can use to help their economy grow.

The resources are what a country need the most to flourish and the African countries are having tremendous amount of resources with them but the problem is that they are exporting those resources to other countries and buying the goods that are made from that same resource for a marked up price. What they should do is refine those resources and make those goods in their own country, that will increase the employment rate in their country by creating new jobs and will surely boost up the economy. Tourism is only an option for the popular African countries and not for every African country as most people fear going to African countries due to higher crime indexes.

I think bad investments are not just stuff we do, countries could do that very well too. If you are a government and you are getting a ton of taxes there is two things you should use that for, one of them is to make your people happy and their life easier, the second one should be to find stuff that would make profit for the government as well.

I do not understand all of this "capitalist" BS that forbids governments to have companies, many governments actually do have business' but they do not look like business, like DMV type of places exists or postal office type of places exist, not just in one nation but in all nations and they do make a profit time to time, or at least they should.

So, at the end of the day governments should get our taxes, build jobs and business and after a while they will be making their own profits and taxes will not have to go up, or it could even go down.

There are many things or factors affecting why the economy of a certain country is experiencing a down fall. Some common things are:

1. Governance - the type of government usually dictates on how it will manage the governing power it have to create useful plans and projects that can create opportunities that will rise up the economy and how it will manage the budget allotment on certain sectors to make the economy improving and alive.

2. Natural Resources - each and every country have different natural resources that are only unique and that can be found on their country which varies on the season it have making unique natural resources live. Lack or shortage on the natural resources which are commonly used as raw material for products that are made for import and export totally affects the economic status of a country.

3. Man Power - humans or its citizens are the living wealth of a country because they are the ones working forward to keep the economy alive since they stand on different professions and purposes in a country.

4. Educational Status - it is a very important factor that is needed to be considered. Productive people must have attained a good education to be able to become more useful to the country and lacking of good education can lead to serious problem such as lack of discipline and coordination.

Those were some of the key points why the economy of the country is falling down. Those were the important elements that a country must improve to be able to have a progress on its economic state and development.

I overall agreed with your position - bad govs' decisions could lead to a huge economical problems, we all human and government is just a group of people.
However, you should know that govs are not allowed to have businesses for a reason:
Governments regulate business market and laws, so it would be very unfair for them to be a part of the game where they do decide what the rules are.
And politicians as I already mentioned have power in their hands, so it would be again kinda unfair to allow them to have even more power

Those stated above are the main elements concern on the economic state dependency of a country. Those were the factors affecting how a country's economy experience ups and downs.

Work force- this includes the man power coming from the people all working together on different field of works to provide goods and services which brings the economic growth of a country. Lacking on work force, let us say even the population of a country is large but only few are working, still they can be cannot have a good economic status because not all are being productive.

Availability of Natural Resources - this concerns on the natural wealth of a country because mostly raw materials use for the local products being manufactured and being imported or exported are coming from the natural resources. Not taking good care of it will lead to shortage and lacking of natural resources will affect the economic progress because production will be limited.

Skill and Education - for man power to be able to become essential and useful, people must obtain proper and quality education to build up necessary skills that can be use for the progress of the country. Lacking this could really have a bad effect because people will know nothing making them less productive.

Management and Government Relations - this all relies on how good governance on a certain country works. If the government has no effective leadership and composed of corrupt officials, it would negatively reflect on the economic state of the country.

If all of those elements will be provided accordingly with good foundation, expect that a good economy will arise. But still there would be cases that external factors can inhibit to affect those elements which can face some serious circumstances that can affect the economic state of the country.

That's exactly how it is in my country. Depending too much on oil and now that oil price has plummeted, things ain't going too well. Diversity is the key to a more resilient and strong economy. It's like having various sources of income, so when one source isn't delivering as it should, the others can help keep you going.

If economy has a problems like: bad regulations, corruption, low quantity of own production it will collapse somedays for sure

COVID-19 is the main reason why the economy of a country has fallen. Every important event has postponed, and a lot of businesses and employees have temporarily lost their source of income or jobs that stopped every productivity due to lockdown. It is why if someone has already made a vaccine for the COVID-19, It will be easy for everyone to recover their economy, and everything will be back to normal the way it was.

We have similar problem in Croatia (lack of diversification) as we rely too much on tourism, and now with Covid19, that's one of the things that was most affected.
Tourism generates approximately 20% of our BDP, and this year's revenue from tourism will go down more than 50%, so it's pretty much obvious that we are screwed, and not just this year, as I have feeling this situation might be continue in the next year as well. We are not alone in this though, all Mediterranean countries have similar issues.

among the list corruption is popular reason why a country can collapse  . regulation and productions , etc all of them will be useless because in the end government are still the one that will controll them .  i think curroption happens on every country , same on mine . no wonder the economy is verry poor but people are already get used to this poorness . another one is covid .  covid is not small and different from the past pandemic , its effects can be feel not only on our country but on almost all the countries . now this is the main reason people blame for the collapse of economy

The main thing is that the second wave would not be even more destructive than the first-and it will definitely be and it has already begun. I personally intend to stay at home as much as possible until an effective and official vaccine is ready. It will be even worse you will see!

I think the worst thing that could happen is lack of manufacturing and selling. Look at all the big nations in the world, all of them sells something to other nations, chain manufactures basically everything and sells it to other nations, USA gives out oil and other stuff and has a ton of big corporations that sells stuff to other nations and make money and German has cars and so forth that they sell to other nations and make a ton of money.

Overall, if you could just sell stuff to other nations you could live and survive, if you do not sell to other nations you will be debt because you will no matter what will end up buying stuff from them so if you buy but not sell that means debt and debt will cause you to drop in value and drop in economical sense. That is why every nation should produce and sell something.

I believe that many factors affect the economy, and especially its development, but the most important factor that harms the economy is corruption. corruption in state echelons of power reduces the effectiveness of all government decisions by 50%, as well as all state programs aimed at developing and supporting small and medium-sized businesses. it should be borne in mind that it is big business that lies in the plane of the interests of all corrupt officials, thanks to which they earn dirty money and the budget loses most of its funding.

I think the primary reason why economy going down because of corruption. Next is because of unexpected pandemic like Covid19 virus that caused a worst effect to our economy and to the life of everyone.

There are lots of things to consider to track down why the economy of a country is falling or going down. This pandemic for example is one of those that affects the economy of a country because even with this single reason, all the sectors concern to the growth and development of the country's economy is seriously affected that is why we have seen many countries have experience a serious dip down on their economic status all because of this pandemic.

Natural disasters can also be the one because it not just affect the natural resources of the country where raw materials use for products are being destroyed, but the lives of the people are also being affected because most of the time it costs life and destruction of properties which affects the capacity of the people to be productive.

Bad Governance can also be stated to be a contributing factor because with this, corruption is associated that instead of making the economy grow, it drags down the economy for the reason that only the government is benefiting on what success and fruitfulness must the country acquire.

Failure to resolve those problems can track down why the economy of a certain country do experience downfall and if not acted or responded accordingly can still branch out more problems to arise.

Inflation rate due to many reasons. One of the reason is due to priniting a lot of fiat money. The valuen of fiat depend on the asset, resources and the economy itself to which sum up with a  value of that certain country and then divide among thr number of fiat money. The more fiat money they produce the lesser value or capacity of that money to exchange for goods and services just like China.  China now is one of the richest country yet the value of their money is not that much worth. Due to the high number of fiat currency being printed.

There are so many factors that can bring  the economy down, one of them is the pandemic,every country is affected of the pandemic, gross domestic product, taxes, the people that always asking for help on government there is nothing we can do we cannot go to work, so the country's economy will expected to fall down because the government needs secure life than funds.We cannot feel the financial problem this time maybe we can feel it next year.

Economy has the main power of the country.It depends on Country’s   Situation.There are many countries who are undergone the various difficulties such as business, products management,Industrial product  everything are shut down.Small level of businessman are couldn’t run their busines. Everything was Totally Changed due to covid -19.My country government banks and reserved banks, central banks their capital was already blank.

The main factor today why economies in every country are down is because of this pandemic, everyone is affected in different sectors. But before this disaster happened, one of the main reason why economy of a country down is because of corrupting officials they pocket the budgets that should go to the projects that may develop their country. And secondly unemployment of their citizens.

The economy of a country is questionable when it can't fulfill its need. Even the grown countries or the first world countries have this issue, but those weren't revealed to the outer world. The economy mainly depends upon the import and export. Particularly more the export happening more will be the growth. This means more external money flow comes into the country.

During the last 1-2 decades, the governments around the world have become more and more populist. As a result, they have increased the level of welfare/pension payments and in turn these measures have created a lot of strain on the economy. As you have pointed out, inflation has resulted from the uncontrolled printing of banknotes. During the 2008-09 recession, Ben Bernanke ordered the Federal Reserve to print trillions of USD worth of banknotes. Other countries around the world have also made similar decisions, both in the past and the present.

That is not really how it works else the government officials would have already thought about it. Every country has its own specialty or a supply of something that keeps the trade market alive and its economy on the feet.

For example: Dubai has high supply of crude oil which boosts its economy, India has highest number of pharmaceutical companies and produces 60% of the world’s medicines and vaccines. Diversification works if your country has more than one thing to offer and that also has certain limitations. Economy is a much complicated subject than most of the people believe it to be.

It means that the high level of interdependence is the cause of the decline in the national economy of a country. The practice of colonialism and exploitation still exists today but in different ways and invisible forms. Many countries undertake large-scale development even though economic growth is artificial because real money spins in other countries or the owner of natural resources gets a very small portion compared to investors who have the means to process natural resources provided also to protect nature and guarantees in the country being explored.

There are many reasons why the economy power of the country fall down.
- The power of political relations and the strength of trade relations is the reason why a country is able or unable to sell/buy products to other nations and get profit over it. Here economic sanctions will do negative effect on this part by economic isolation of the nation.
- Unemployment rate
- Not having enough production rate
- Outflow of currency
- Printing money
- Inflation rate
In the end the main and general reason is the 'poor economic management' by the governments caused the factors I named above.

The economy usually goes down for many reasons, but in a country where there is a crisis of good governance, corruption, environmental catastrophes, lack of freedom of expression all these indicators are globally high growth on the one hand and high corruption on the other. But it is not possible if the government of the country controls everything properly. To improve the economy we need to reduce all this and spend more on manufacturing.

corruption is indeed one of the causes of a country's economic down but it will only cause fatal collapse if done en masse..  from what I've read, this is the main cause of a country's economy down;

source  (https://corporatefinanceinstitute.com/resources/knowledge/economics/economic-depression/#:~:text=An%20economic%20depression%20is%20primarily,cuts%2C%20including%20employing%20fewer%20workers.)

It depends on if they are able to sell their oil. If they can only export their oil and oil products at cheap prices then they will have less cash at hand and that will hurt their economy. Also there have been occasions of oil-rich countries halting oil exports for political reasons and to hurt other countries, such as what OPEC did in 1973. They're probably able to survive doing this because of the surplus profit they made from exporting oil earlier in the past years.

And why would they sell their oil in cheap prices? besides oil reserves count are getting low ( oil depletion ) this means so much to Venezuela coz they got the highest count of oil barrels in staggering 300 billion barrels, but as far as I see they aren't as good as Saudi Arabia in handling it. But even they sell their oil in cheap prices I think it will not be going to hurt their economy badly, this only means that they are getting more than enough. There are study says that the oil reserves would be double in the future as our technology advances, equipment use in oil exploration is widening. If a country sells their oil in cheap, expect that they are doing good in extracting oil, they just need a frequent customer. What really brings the country economy down is a global problem like this, second is the bad governance.

That would be necessary when there's an oil glut, when they produce too many barrels of oil and have no room to store it anywhere, so they become desperate to get rid of the excess oil at any price and that brings down the stock of oil. Oil prices did go negative a few months ago because coronavirus reduced the global demand of oil, so prices also fall when there's a sudden decease in demand for oil.

Not all of the government can corrupt the money they have, some can't be noticed and the reason why their economy is in bad shape is because of the bad decisions they made. They focus on other things and when a natural disaster comes in like this pandemic, they don't have a budget to hold the country.

Lack of Consumer spending and Business investments were the one that is bringing down the economy of the country. Right now people doesn't have got money to spend, same is with the investments. To experience the same living atmosphere and economic development in the country as the days before pandemic won't happen in the near future.

You do not need a lot of resources to actually become a big and powerful nation, you need to make sure you use those resources correctly in order to be a good nation. Look at many nations in the world, if the government taxes were all 100% used properly and the agriculture, factories, companies were all helped out and people were given help if they are not doing well economically, do you really think that any nation would be bad?

I am telling you, find me the nation that is the worst in all of the world and living in so much poverty that they are basically the worst nation in the world to be in, and I can give you a perfect nation in 10 years, all you need to do is have a government that all works together for a better nation. Yet politicians all around world are crooks, that is why nations are so bad.

All due to the velocity of money inside / outside the country is not smooth, consequently the economy becomes hampered. lack of people's purchasing power according to their needs, lifestyle, and trends. the country cannot produce many variations of goods because it is related to geographical conditions and human resources. for example Vietnam is famous for its rice so it cannot be sued to producing petroleum like the east country. so the most prominent is the condition of the country's resources.

A lot of people say that the economy is going down because of the pandemic and the urgent chaos created because of it but we need to understand that the economy must be flexible and strong enough to overcome such crisis. I mean how did China recover so fast from Corona virus when they were the one who were hit the hardest and first one to face it? That's because they had a solid system and created facilities like opening hospitals providing necessities to people at their home.

While other Asian countries like India failed miserably because of not having an economic structure strong enough to face such situations.

China recover very fast from this covid 19 pandemic because i believed they knew the cure for this virus. It begun to their country and said to their laboratory ,so it means , if they created this virus for whatever purposes then of course they know how to kill this virus and how to treat their patients. That's why they only have a few deaths and a lot was recovered immediately compared to other countries that doesn't know how to treat this and how to prevent it from spreading.

China's success in managing a pandemic is inseparable from previous experience with the bird flu pandemic to be used as a reference, the construction of prefabricated buildings for hospitals. China is the center of world manufacturing, besides that the majority of entrepreneurs are members of the Chinese communist party, making it easy for the government to mobilize entrepreneurs. China combines technology, management, and leadership in handling corona.

In addition, China has a money-based printing instrument on a project that makes handling corona faster and more effective. China is one of the countries that broke international rules. China imitates America not following America as a world hegemon. From imitating China into a skilled country.

In my opinion, what experiences the economy of a country is from the head of state down to the community and how the response of the people is, the economy also shows how the country develops and progresses depending on its people and how to cultivate the urban order so that the economy in that country can progress rapidly.

The kind of government has a lot to do when the economy succeeds or fails. When your government asks too much taxes from the companies doing business in the country and the labor cost is higher than of China, these companies will move to China or any other country like Indonesia or India where labor cost will be much lower and the taxes are enough for the companies to profit.

Also there are countries who do not imply any tax on their citizens like Dubai is a tax free economy so anyone who wishes to startup a new business will always prefer such economies and cheap workers can be found from the migrants to the country.

I feel government plays the biggest role for the rise or fall of any economy because they can make the taxes that encourage new businesses or they can imply so many taxes that people move out to start their business. I see that resources also play an important role because you always want to setup industries in an area that is rich of resources and you get those resources with minimal travel and labor cost. And industries are the biggest contributors to any economic structure.

The number one thing is bad government, let’s leave all these long talks, like seriously. You all can look at these developing countries as an example, how their government is not doing what they are meant to do and bringing their countries down, and development is stuck in these countries, it makes me wonder if they are ever going to be developed.

It’s only when you have a good government that you will be talking about other ways that you can develop the country’s economy, if not that, then everything is probably a waste of time. Though I am not trying to say other comments are wrong, but the main issue that needs to be tackled is the government, when they are doing the right thing, things gets better.

There are basically two type of factors that could affect an economy. First could be the avoidable or man made factors I would say and others would be unavoidable factors. First one are the more prominent ones and they include lack of proper fiscal management by government and useless spending. Also other types of political instabilities can also be cause of such a economic slow down. Second one are the natural reasons which means the cyclic patterns of the Economy of boom, depression, revival and growth. However there are certain unavoidable factors like the COVID which was pretty much unexpected hit for every economy and several other natural calamities you can say.

Proper usage of technology and the effective managing ability, ans the experience with the previous Flu is the true reason for the fast recovery. Another thing, we don't know what is happening within the country. Nothing is revealed to the outer world. As said they're good in creating entrepreneurs, whereas India doesn't pay path for it. Even when one is able, he'll be pushed down for political reasons and corrupt hands won't allow to grow in a short.

Could we say the same for those people that actually stopped the virus without the vaccine?

Could we say that they are also conspiring with China, right? No. Every country is affected by this pandemic and you may hate China for it but they did well, there are those that can't handle the virus and you should blame them for that, not China. We are also done with this speculations, these conspiracies, what we have now is a vaccine and we don't know how will it affect these people with the virus.

We need to study economic because we are a part of it, we are a part of the economy in our country and studying economy is really important for us to learn or to know  on how economy rise or maybe fall, we need to know what are the causes of the movement of the economy status and how economy affect our life if it will fall.

The pandemic indeed brought each countries economy down.

Due to lockdowns and quarantines, many businesses and companies closed, the unemployment rate rapidly increased, industrial production had a hard time operating, that's why majority of the countries faced economic decline.

Like the countries you stated that are heavily relying on certain aspects such as tourism, global trading, commodities exportations, and overseas workers income are sevely impacted by the covid-19 outbreak.

That's why economic diversification strategy is really much needed in each and every country. Multiple sources of income must be generated to devolep and boost the economy as well for it to recover, to avoid majority from falling into unemployment and poverty line.

Many countries experience down fall economy during the pandemic.  Most of the things bring economy down in a country:
1) Education: Many country fail to educate their people how to expand , and grow economy.
2) management: if you fail to manage your resources well can cause economy down fail.
3) Government strategy: if  strategy fail in a country the government would experience change in their economy.

There can be a lot of factors on how an economy of a country plunge into depression. The lack of availability of jobs which render most people jobless. The jobless people who cannot contribute to the tax and damage some of the government properties that can withhold the economy. The corruption within government sectors can also damage the economic status of a country.

Countries with s/n (2) will definitely end their country economy in shackles. Countries with huge resources like oil has failed their countrysidemen because they lack judicious use of their economy resources. During the novel coronavirus pandemic, most countries that hugely depends on oil got a bad experienced of the downtrend of the oil crashed and many are yet to get out of their pitfalls. Oil fell during this Period has explicitly explained the use of professional managerial skills towards national resources. Any country without good leadership toward management of resources can't forge ahead with others, as such, diversification of country economy should be Paramount to any country leadership with priority to their citizens welfarism.

The fall in the global economy in 2020 was the bigest in the past few decades. And jobs have been hit hardest by the crisis. The global problem of unemployment has become very acute, and very soon it can lead to a record increase in the number of people living below the poverty line - their number will increase by 500 million people.

Diversification is not really needed for a country's economy to grow there are lot of developed countries in the world who made this possible from particular natural resources or some kind of products manufacturing.But for the country without much natural resources they need to create the opportunities along with the population rate or else there will be Chaos in that country amd their economy could fall down.

Corrupt Government Officials are the one that brought the economy of a country down. I believe that all of countries has an edge regarding with the resources that they have. It just on how the people really spend and utilize the resources. The poor government and unstoppable corruption and graft create a chaos to the economy. This why there are still underdeveloped countries. Mostly, government is the reason why they are poor up until now.

Corruption is the major cause with bad governance. When we have a leader that is selfish and dictatorship, the economy will suffer.

it's just one way of making a nation's economy go down. Much will depend on the consciousness of the people and the government. In America, I value President Trump more than Obama from an economic perspective.
Trump has done a great job when people in America now do not enjoy social security as well as before, everyone has to pay the price for adhering to the great human rights regime that Obama has proposed. he is making the American economy great again and completely overwhelming countries that affect American businesses.
In contrast, for Obama, he always appreciated human rights and that made people more lazy and a lot of beggars were "born" at that time. That will make the economy go down seriously because of the lack of manpower and talent.
P/s: This is just my personal opinion, looking forward to receiving your comments.

In my opinion, the cause of the economic downturn in a country is the price sector of the country's currency and trade in the market sector because this may be the effect that most rapidly affects the country's economy down or up.

Indeed and this happens to many countries now specially Asia and Africa in which too many corrupt officials and authorities.
Lucky that we havea  Functional and strict president now thats why the control of these kind of bad activities in government is lessening now and sooner they will gone .
Another thing is mismanagement and this happens sometimes when the opposition is bugging the administration badly.

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. ;)

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.

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.

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.

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.

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.

You did not mention Corruption mate because that is the main reason why any country can full their economy down because of this greedy works
 of those who is running the government.
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 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.

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.

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.

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. 

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.

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.

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.

If only people can have this but the problem is there are no lots of opportunities to create businesses or to find consumer.

Yes, Huge consumption and low production.
Another reason could be printing more currency notes than the actual worth of the country, Example Venezuela.

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.

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.

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.

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.