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Of recent time the world economies have been having problem, from economic recession to losing of jobs, to high inflation rate in the prices of goods and services etc they are all pointers that the economies of the world are currently not in a good shape
So this lead me to be thinking about the word economy and what and what is actually responsible for an economy to grow and what are the economic stimulant

It is high time the government of countries look inwards and spot out the possible causes of economic decline in their respective countries. In the cases of increasing unemployment caused by possible winding up of major local companies, the government can bring up incentives to help companies stay. Such incentives can be tax reduction which includes excise duties. Privately owned firms are very important in every economy and as such, they should be encouraged to remain in operation by giving them what they need to be productive, this way both the government,  the firms and the people will benefit. These are major economic stimulants that should not be neglected if the government is really intentional about growing the economy.

This outcome is the result of a prolonged global economic meltdown coupled with the impact of the COVID 19 which have hit the global economy and destroying the economy of some highly underdeveloped import dependant countries around the world.


Most countries that hard a proactive measures against this time have fine way to manage their economy and being able to manage their economy and putting it on the positive position while others that failed to do same are currently in unending recession, to t will take a long walk to bring those countries out of their current status and making positive impact on the internal economy that offers good economic environment for it citizen's, best for the countries to start thinking inward and production should be highest priority at this point.

The whole world is now suffering from inflation.  Most of the countries in the world are facing various problems due to inflation.  Especially developing countries have the greatest impact.  Developing countries are unable to adjust their currencies to the appreciation of the dollar and are struggling in their daily lives.  Moreover, the increase in the price of their goods has made their life more dangerous.  These problems started after Corona.  After Corona, almost all the desi were in a very devastated condition.  But even if the developed countries can cover it up, the underdeveloped countries have not yet been able to solve these problems and they are still bearing the brunt of it.  Moreover, due to corruption in developing and underdeveloped countries, they are further behind and unable to keep pace with the world.

The conditions of the global economic crisis and of course we are aware that the pandemic a few years ago became a problem that made it worse and several countries that are currently in geopolitical problems are a situation that makes conditions worse and makes the economy worse than before because in the end even though the problem of state conflicts is only a few but surely the impact will be felt by everyone.

The economic level that has been difficult since the pandemic problem is exacerbated by this which makes it difficult for us to breathe and change the economy for the better.
The steps that must be taken to be a stimulant at this time I think not much because to be an agent of change is obviously very difficult and I personally prefer rationality because I just want to try to survive so that I and my little family are not too eroded so with this I think looking for the latest options with additional jobs according to qualifications and looking for every momentum for my own benefit is the best thing I can do.

It's a good question but it has too many answers to list really. If you imagine there is a world economy, but there are also different economies within countries and even groups below that. Stimulants can come from a variety of sources, cheap money (printing) allowed a lot of debt to build up because it cost little to pay back in some countries, but this tends to lead to bigger bubbles that will eventually pop. There can also be commodity stimulants if poorer countries rely heavily on exports of things like lithium or oil. Central banks dropping interest rates (from current highs) will also spur a lot of extra activity in the economy, because new debt is expensive to finance at the current rates.

If there can be a massive investment by the government into the work force of the country, set up and improve and upgrade facilities that already exist for production, and create incentives to encourage healthy competition to improve productivity, the economy of the country will improve quickly.

With improved productivity a country will have enough commodity to avoid importation, there will also be enough commodity to ensure that the prices do not soar from scarcity, and then also have enough commodity to also sell to other countries who are in need of them.

It’s simple, really. The people need JOBS.

The real question is how do we generate jobs? One of the things I can think of is playing by the country’s advantages and maximizing the products coming out of the country instead of importing from other countries. If there is more demand then the more employees it will need therefore generating more jobs.

Inflation has always been a problem in countries and it is never solved.
Most of the time it just comes and goes but it’s normal because economy
goes in a cycle anyway. It just so happens that this time around
due to the pandemic, everything has become so much worse.

People are still getting back and trying to get up on their own feet
as lockdowns are released but then inflation hits and even with jobs back
it’s almost impossible to keep up and buy everything you need

The government has some control over how much a merchant can price his or her goods but the government can only do this for a period of time and would not work forever.

the government has to soon find out how to better support the sectors who produce goods such as agriculture because if farmers are spending less then so does the consumers

OP am so happy that you brought this thread here I must be sincere that this thread is worth a discussion, looking at what is happening you will understand that many countries are running out of economic ideas and that is why those countries are going through declination in many aspects.
A country should be able to identify its source of sustenance that's why I advocate for governance through a transparent system, a leader and his economic team should be able to work out modalities to enhance the country's sustenance capability.
Though I see production and good investment ties with other countries as one of the major solution to this problem, good fiscal policies has a good effect too but the problem is that government of many nations does not toll this way and things keep getting worse, there are many sectors to revive, in the process of removing this sectors jobs will be restored, full production capacity will take place with good results.

I think that it can't be sorted out until the wars that are going through should be ceasefired. These economic conditions are due to the rivalries between the countries.They might not admit it openly but they are working against each other in some way and that's affecting the trade as well as the economical conditions.

The super powers should come to a table and have a healthy discussion only then it's possible that the countries might get out of these economic conditions. People are thinking that these conditions are a result of the decisions of their specific country but it's not the case. We have to go for a global solution.

Only the government can deal with the problems that the world economy is in. The government may have never tried to find out the real reason and left everything in the hands of other leaders. Due to the impact of the corona virus many companies have closed down and the unemployment rate has increased which is worsening the economy. The primary objective of economic stimulus is to achieve a stimulus response effect so that the economy can grow if the private sector does the most to combat recession and avoid the various risks associated with extreme fiscal policy or large government deficits.

Crude/gas/oil is what runs and industrializes a country. without it, it's going to cripple assembly lines to manufacture stuff on the conveyors and cars won't be running. evidently, no matter how much sanctions the US did on Russia, the country still manages to have a resilient economy.

Crude/gas/oil is what makes Saudi Arabia the richest in the Middle East and that's why to this day we still buy gas and oil in USD.
we are converting Crude/gas/oil into energy that's why we came up with ESG and all sorts of green energy but for the most part, it is still Crude/gas/oil.

1. Wars for the countries with the leading military manufacturing companies. They sell all kinds of military equipment to one side or both sides if they get lucky. I'm pretty sure they made tons from Ukraine and maybe Israel. It looks like a war is also looming in Asia as the West have increased their military presence there.

2. Roads and other access that would simplify or ease trades within the country and among neighboring countries.

A lot of things are responsible for failing the economy of a country and making them witness a downfall in the world where they’re suppose to be more than what they showcase to us all about which is due to bad and poor economical conditions and practices of the people living there. The economy and success of a country lies within the leader and without a visionary leader, all the outcome of a progressive economy will be put on hold as it has proven not to worth anything in the long term. Unsafe is one of the big points that needs to be corrected. While having a good time in the leadership, be assured of a conducive environment because that enough can drag development to be place pitched to them about. Instead of hoping and sitting for a better economy that will come now or later, is better to act on it immediately.

At its core, an economy encompasses the production, distribution, and consumption of goods and services within a geographic area.  It's a complex web of interconnected activities involving individuals, businesses, and governments.


Productivity is a foundational driver of economic growth, boosted by technological advancements and investments in education and infrastructure. Innovation is equally vital, as the development of new products, processes, and business models expands economies and opens up new markets. A healthy economy relies on robust consumer spending, which hinges on factors like employment levels, wages, and overall confidence. Businesses fuel long-term growth potential by investing in new equipment, factories, and research and development.  Government policies play a key role, with tax rates, spending programs, and interest rate adjustments having the power to stimulate or dampen economic activity. Finally, global trade allows countries to specialize and access a wider range of resources, fostering beneficial economic exchange.


Stimulants might involve government spending to boost demand, tax cuts to encourage business expansion, or central banks adjusting interest rates to control inflation and influence investment. These multifaceted problems require careful analysis and potential solutions tailored to individual economies.

Government is the one who responsible with macro economic.

Unfortunately most of governments are corrupts, they only care to do something that give them benefit instead of become a good dictator who don't mind to catch whales or big criminals that broke the laws.

Government actually support them because they willing to pay high and don't care with genuine cases or reports that didn't bring them money.

As much as I agree with you about jobs being generated to help the people survive and live, there's just too many people out there and most companies and government agencies doesn't really have any kind of need to have a lot of workers that they have to pay and we will probably reach to the point where there's so many workers/employees that not all of them are working because the jobs can be done by only by only a few but there's a dozen workers. Have you heard of the adage, "Too many cooks spoiled the broth"? That's exactly what's going to happen when it's just job security. I think that the more appropriate solution is to do a basic income for every household, it's not really a good solution but it can help so people won't starve and most of the time, the money that's given to those people even if that's what they depend upon, it goes back into the circulation of the economy. Maybe creating a really good reproductive health and family planning program, you'd be able to do make some more difference.

The world economy is made up of the economies of many nations. Most national economies are interconnected and a problem in one affects others negatively. The European and US economy is closely related because these nations have good diplomatic relationships. So when economies of nations is sound, the global economy will experience growth.

Nevertheless, what boasts a nation's economy is more exports and fewer imports which lead to favourable balance of payments. When a nation has enough industries, most of its citizens will be employed and the country will be able to earn enough foreign currencies to defend the local currency.  

The level of education of the population of the nation also determines economic growth. A nation that can boast of quality skilled manpower will always be innovative and creative. The nation will be able to have many small-scale businesses that will create job opportunities. This is why the biggest problem of developing nations is the high rate of illiteracy.

Adequate infrastructure is another agent of economic development. Any nation that lacks good roads, security, constant power supply, and so on will not attract investors. And lack of investors will not make the nation a prosperous one.

Lastly, sound economic policies and transparency in government are other determinants of economic stimulants. Some nations have policies such as double or high taxation that can discourage investment. Corruption in government is also another reason why some nations are not economically strong.

I certainly agree with your assertion, if a country has good infrastructure in place, like steady supply of electricity, it will help stabilise the state's economy. Educated population too it's an added advantage to some of these things, most first world countries have citizen's that are highly educated, thereby increasing the literacy rate and thereby reducing a number of people that cannot function or contribute ideally to build a society.

So there is a whole lot of things to be done by the government of those countries that are going into economic turbulence to stimulate their economic growth,  because most countries that have infrastructure, and many social amenities and high level of productive capacity in places, have a lesser impact of any economic turbulence, unlike the developing nation's that are still struggling to build infrastructure. So to stimulate the economy of any country you have to put some certain things in place like electricity, economy accountability of tax revenue, and high level of infrastructure like good roads and bridges for easy navigation of goods and services.

More money means more cash flow to the economy of a country. And not just that, the stability that it is getting from its citizen through several factors like the industries that are being generated by the entire nation. That's why citizens are really playing an important role to economic growth but because of certain policies and politics, it seems that they're being neglected and the people from the government are not giving them the importance that they should have.

The recession of the global economy has been going on for a long time and combined with the impact of Covid-19 has caused heavy damage to the world economic system, especially low-income countries. , mainly depends on imported products. Despite the fact that in some regions like North America or Europe, I have seen a proactive approach where protective measures have been put in place and they have the situation well under control and are starting to recover. Its economy, unfortunately, many others continue to face persistent economic recession.

It is in such times that the government must focus on internal priorities and prioritize domestic production. Developing domestic manufacturing industries, countries will be able to reduce their dependence on imports, promoting job creation as well as economic growth. Similarly, policies to support businesses, promote investment and consumption will also contribute to promoting the economic recovery process.

Only advanced countries with solid economic background are not suffering much from this inflation and instability of economic development.
Governments are responsible for all these and are the only solution to the economic problem of our countries if they tends to change their mentality to become productive instead of being dependent of other countries to produce something for them to buy from them.

Industrialization will help our economy worldwide because countries with good production rate that depend on what they produce are not suffering this like countries that depend on other countries to buy what they need.

The world is not in economic recession. It got pretty close in 2022, and there was some risk in 2020 due to a sudden global pandemic, but the global economy isn't in trouble yet. Even when speaking about high inflation, it's worth noting that while it was pretty high in many places around the world in 2022, things improved in 2023 and are likely to get better in 2024.
Thinking of economic stimulants, I believe it depends on specific countries and their main resources and industries. For some it's focusing on agriculture, for others it's more about tech, etc. Considering how things have been since 2022, I think a big economic stimulant (but also a big spending point) will be militarization.

There was a time in this world when  many things were happening all at the same time, which have culminated to the reason why there is a massive economic downturn and crisis across the world, today.
The COVID-19 pandemic that erupted the world at a particular time alone disrupted the supply chains in the commodity market. It also caused a lot of businesses causing closures which resulted to many jobs that were lost at that material time.

Also, some businesses had to change their models to remote works and before they could adapt, they had already lost a lot of consumers because most markets were not selling since those that would patronize them were also in a lockdown. Those lockdowns really affected the supply chain, which also caused restrictions to travels and the global trade at a point was shut down, affecting the supply of food and shortages in other goods and services.

Another aspect was the Ukraine-Russian war that came  after the COVID-19 pandemic and the Israel and Palestine war, which also erupted at a time. A lot of businesses were also shut. Long-term trades were cut off, which had multinational impacts even in the production and the buying and selling of gas.

Climate change effects also contributed immensely due to extreme weather conditions that affected the world's weather and climate. And developing countries like Nigeria, suffered from massive heat, which has terribly affected micro, small and medium enterprises and a lot of the commodity markets was disrupted while foods and other consumables were damaged.

For one, the economy of a country can grow if the education and literacy level is high. Where literates live often has a very big difference between where a pupper lives and am certain the economic price ratio is different as well.
Another reason I can think of that contributes to stimulate the economy is encouraging more and giving grants to support entrepreneurs who are providing jobs in their own capacity to help the economy of those who need to earn and live better in the society.

As you may know, there are several factors that can contribute to a reduction in the economic growth of a country, leading to economic crises. If the reverse is the case and those problems affecting the economy are resolved by the government, it will then bring about economic growth. For example, some causes of a poor economy are currency fluctuations, stock market crashes, high interest rates, oil price hikes, and so many other factors, such as a high rate of unemployment. If a country is having most of these challenges whereby the government is paying less attention to them, it can greatly affect the economy of the country, but if those problems are being tackled with appropriate solutions, definitely it is going to stimulate the economy of the country and also cause high growth.

The monetary system is also one of the of the problem factors that contributes to the devaluation of real money (local currencies) and thereby contributes to an increasing inflation rate. If the high level of printing money is reduced and the supply of already printed money is retracted, it can add more value to the purchasing power of the money, which also helps the economy. 

industrialization is too difficult to achieve when your country is among those who are trying to eliminate natural gas to run the machines. if it's going to be a crime to use energy coming from natural gas/oil, your country will eventually be de-industrialized instead. especially in countries with winter seasons for agriculture will be halted for 3 months due to the weather.

the most important part of running a country is to satisfy the people so that they never go hungry. hungry people are impatient and if one of them figured out, that there is no food for the next 3 months, the information spread and the government would be in danger.

The economics is very bad because the leader are corrupt and they are working hand in hand with the business tycoons. And the business tycoons are there to make profit and when there is an inflation then they make enough profit from it. One a taxi driver in my locality said it is when there is an inflation that they the taxi drivers make enough profit. And also to the manufacturers and others. They used small opportunity to increase prices of things for their benefits. Like if the government just increase 1% to their tax then they would increase their products to a very high rate and when the wholesalers buy and sell to retailers and from retailers the customers pay the highest cost. The problem is always coming from the countries government because the national economic policies are the problem of the inflation. The economic advisers to the Presidents are the problem because they can't give good advise and policies.

This is a good advise that will also help the economy because government can not oversee every aspect of the people's wellbeing interms of transparency in distributing whatever benefit to the people because certain officials can hijack it. So to use other outlets like NGO's will help that benefit to the people will get down to the people who need it. Those NGO's can have direct contact with the people and make sure that whatever economic empowerment will get to the people.

Increasing the price of goods and services indiscriminately happens in an economy where the government doesn't have agencies that monitor the market. In advanced economies, the increase in the price of goods must be approved by regulators before it will be implemented.

Another problem is that most producers enjoy a monopoly because there are few producers of such products. An example in my country is electricity and cement production. We just have a single power distribution company, and since there is no competition, they connive with corrupt government officials to increase the price of electricity. Trade unions also contribute to these increases in the price of goods. These organizations will always agree to increase the price of goods or they will go on strike. This will force people to buy these products.at exorbitant prices.

World economic conditions are experiencing a decline and many people are starting to lose their jobs to earn money. This happened in 2019 when the Covid-19 disaster struck and the inflation rate further widened the economic problems faced by people in all parts of the world.
Countries have a role in recovering from an economic crisis because they have the tools to do so. Meanwhile, every individual has the responsibility to face this condition by trying to live a more frugal life. To face recession and inflation, we must improve the quality of income because if we lose our jobs and have no source of income, we will have difficulty facing a period of economic crisis.

All of the challenges facing all nation economy is as result of reduction on productivity, characterize by some policy, pandemic issue, certain restrict as may directly or indirectly affect individual to launch their free daily living. thing that has leads to country economy breakdown privatization which has leads to reduction of of work forced all in the nation of using machine, AI etc to cover up human effort.

War has a way of pushing the economy down word and very hard to recover losses obtained during war .

Over population can't be over ruled as one major issue of economy recession as many resources are limited example land is limited in supply as it length and side can't be increased by anyone, many nation that specified on agricultural products face land use as .any land is already build with shelter living sea,river, ocean etc as the Left space.

Leadership issue and power tussled has become one pushing the economy the situation it's today as some Nation become shadow members and catalyst to nation with war crime for the purpose of seeling weapon or mining there resources indirectly.

The global economic recession has been going on for quite a long time and was made worse by the impact caused by the Covid-19 outbreak. has caused serious damage and problems to the world economic system. Especially for countries with low resources that depend on imported products. Although several developed countries such as America and Europe have taken proactive steps to try to control this condition, it is slowly starting to recover. However, many of them are still in difficult and uncertain conditions, where they are experiencing a prolonged economic recession.

In dealing with situations like this, the role and cooperation between the government and society is quite important and must be the main focus. The development of the domestic manufacturing industry is a solution to reduce dependence on imported products, as well as being a solution to reduce the number of unemployed. However, it is very unfortunate that the majority of people prefer and are more proud of using and buying foreign products compared to buying products produced domestically.

The economy? Job losses, skyrocketing prices, and a recession set to destroy us; it's a wildfire. Meanwhile, we're discussing how to magically increase numbers. However, it's about something much deeper than magic.

See, trust underpins everything. Trust the system, the money, and that tomorrow won't be a tragedy. Without that belief, flashy charts and data are like fading ink. Innovation fuels the fire, not trust. Not the corporate boardroom kind, but the raw, change-the-world sort that starts with a wild-eyed garage dweller believing everyone is nuts.

We've become too comfy. We're stifling ourselves by playing it safe and frightened of failure. We must disturb and break the mould to progress. The future isn't about old strategies. The gamble is going off the map into the unknown. This is uncomfortable, yet it holds great potential.

If they are small, yes there is no need for more workers and that can only be waste of money but for those who are huge, they are always looking for more workers. IDK if what is that basic income you mean for every house hold. It's like the governments will give a monthly cash assistance to the public? That sounds great for them but it might have a bad effect to the government or development of the country.

It can also cause people to be lazy and they will likely depend on it. Meanwhile, there is already a reproductive health bill and family planning program but it's hardly being followed by the people. They are usually poor and have no jobs to keep themselves busy.

Distributing basic income to every household is not a solution,  rather it would be breeding tons of lazy dependent citizens who rely on the government for survival. Basic income to every household is not an economic stimulant, rather it will make the government use money meant for capital projects and developmental projects to feed the large population. It is better the government encourages the citizens to learn skills, trades and empower local farmers and  investors. All these will not only make have a standard source of income, but it will also help the reduce the financial burden on the government and public money too will be channelled to other projects useful to the people.

After Covid 19, the country's economy has become increasingly unstable, there are those who used to be poor today who are suddenly rich, and who used to be very rich are now poor, the currency is no longer valuable, what's more, the wages of workers, even though all goods have risen, but the price of wages remains as usual, even though Asia is improving its economy and playing an important role in creating a prosperous society, if this year economic experts do not provide a solution then it could be described as a crisis in the future, in Indonesia itself the currency exchange rate is getting weaker and the price of rice is rising and Gold also experienced an extraordinary increase

what's mostly the cause of a countries economic downtime isn't always same with another countries economic problem. Cases of war and bad leadership has been at the centre of the deteriorating economic setbacks most countries of the world are currently going through and if those can be addressed, then thier could be something close to having a seemingly stable economy globally. In countries like Russia, Ukraine, North Korea and south Korea, Israel, Pakistan, and most other African countries at war, what's mostly thier primary cause of thier economic problem is mostly due to cases of regular war that has led to the distruction of properties and institutions that will cost them not just time but utilization of her resources that's supposed to go into other infrastrural development. Most African countries have at the centre of thier bad economy, poor leadership structure and lack of proper implementation of key economic models that will help revamp the worsening economic situation that has bedevilled the region.

If we want to stimulate the economy into growth that would benefit the people of that country, I'm going to suggest something that could easily be done by a lot of country for a really long time but they refuse to do so because those at the position of power don't see the benefit of doing it and that is supporting the small business, the workers, and not forgiving the taxes of big corporation no matter how much they give out in these politicians war chests, those taxes that's being forgiven by tax exemptions that are being enjoyed by these big corporations could've been used to fund projects that would've benefited a lot of people in the public, imagine if the workers in your country are happy and content, you'd definitely see a lot of increase in productivity and with more productivity means that you're going to generate more revenue but those in power don't want that, they want people that need them so they dangle these measly stuff to make us work for dirt cheap wages.

I think it's just the feeling of some people as if currency is no longer valuable, even though everyone is still looking for money to meet every need in their own lives. And if you talk about the economic conditions in Indonesia, of course some of it is still quite sad because there are still many workers who are still willing to work for very minimal wages so that it will be difficult for them to become rich except to meet their own needs in order to continue living.

So for now it is better for everyone to try in more work sectors to get more income so that their future is not bleak because of the crisis as you stated. I also really feel how weak the exchange rate of my country's currency is at the moment and the increase in rice prices which is still a burden for people with low incomes. As for gold itself, I think it is time for it to increase because gold is a real asset that is trusted by many people in terms of investment and also in terms of storing value.

As the value of the dollar increased and the global economic recession occurred, many institutions went bankrupt and many banks went bankrupt as well as many businesses went bankrupt, many lost their jobs. Many once lived a good life but due to some irregularities or some mistakes in the organization, today they have lost their jobs and they are living a very difficult life. Those who have lost their jobs and are living a difficult life may now understand the true meaning of life. Those of us who are still in a good position should try to find a separate source of income in addition to having a good job, so that if the source of income stops, we can take care of the family through an alternative source.

Personally I believe that we should play by our country’s advantages so to me this means we should be able to strengthen our export and tourism industry.

My country produces a lot of agricultural products that do not get appreciated enough but if we manage to make sure that other countries are able to take their products from us then I am sure this will be a cause for an economic growth.

I usually answer questions like this using my own country because the situation differs from one country to another. The cause of the economic situation in one country, may be different from the cause in another economy, so it's often difficult to generalized that certain problems is what is making different countries of the world suffer economically even though certain factors are present in almost all countries.

In my country, it's simply incompetent leaders. I always have this inner conflict within myself when I say my country's leaders are incompetent because I always ask myself, "Are they truly incompetent or they're just selfish and don't care about the country?" This is a question I don't have a definite answer for so I just conclude that they're "incompetent and selfish".
I know the world is facing struggles due to problems like COVID and wars and conflict, but some countries are recovering from that. COVID was 4 years ago, if things aren't beginning to get better after 4 years then it means the government isn't doing enough.
My country spends money on the last useless things. From the president to the lawmakers, the sectorial ministers, the state governor, and even down to the lowest level of leaders, they spend state funds anyhow they like and nothing is ever done about it because they are the system. This is why I say they're selfish and greedy

I say they're incompetent because you can't find any of these leaders to bring up an idea of how to get funds using the resources they have. They do very care about generating more wealth, they just spend from the already generated wealth. You hardly find them creating a project that will employ people, make life easier for its people, and bring more money into the coffers of the government. They don't care about creating wealth. It's like they don't have any ideas of how to make the people and the territory better.
Things will never get better if the leaders of a country and selfish, greedy and incompetent.

That's the problem now, our country always imports industrial materials and food, causing farmers in their own country to scream about the economy, the selling price of goods is very cheap, but other equipment is expensive, so it's not balanced, the farming community is always affected by food inflation, so it's a pity those who work every day as farmer laborers in the rice fields they own, so the solution for the community is to stop importing food, what must be sought for a solution is how our community can export the food they have, because of the quality of the food they have It also has pretty good quality, so exporting can already be done, the government just needs to find a way to realize their wishes so that the local community's economy can be developed.

Economy simply refers to the financial management of the country, and Economics is the study of this financial management. One of the major stimulants of the growth of the economy is the behavior of the people. That's why Economics can also be said to be the study of human behavior and how it affects the economy. This study includes their wants, opportunity costs, money costs, their resources, and many more.

Now, we can also see in demand and supply that the behavior of the consumers is what makes the price either go up or come down. So, I'd say one of the major determinants of economic growth is how the consumer behaves in the market.  Government decisions also plays a vital role in the growth and downfall of the economy, as since the time of John Maynard, the discovery of government decisions has seemed very important in the laws of Economics.