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Author Topic: Any help about how the world is run economically?  (Read 342 times)
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August 16, 2018, 09:19:31 AM
 #41

But why can anyone not become rich?
This world has never been equal, if someone wants to be rich he has to do something and change his way of living through hard work and ideas, ideas that will change his life and the lives of others as well.
What are the reasons why others work hard yet they are still poor?
Unlimited spending, uncontrollable expenses and not being wise of holding money.
Why can't we print enough money for everyone?
Inflation.

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August 17, 2018, 10:00:38 AM
 #42

But why can anyone not become rich?
This world has never been equal, if someone wants to be rich he has to do something and change his way of living through hard work and ideas, ideas that will change his life and the lives of others as well.
What are the reasons why others work hard yet they are still poor?
Unlimited spending, uncontrollable expenses and not being wise of holding money.
Why can't we print enough money for everyone?
Inflation.
Basically the sole purpose and aim of economics is to devise way to meet the unlimited and ever growing needs with the limited resources. This has two solutions. Either rise your production which in tern will boost your GDP which will also improve the living standards of the people. Another way is to reduce the demand for luxuries and just consume the basic needs. Since the former does not sounds as impossible as the latter, the world has invented ways to maximize the per capital income and this has given the freedom to consume as much of the depleting natural resources as could be paid for.

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August 17, 2018, 09:06:15 PM
 #43

Greed is what makes people poor. We always want something more thats why we are never contented with what we have. We dont learn to appreciate the little things. If people only learn to embrace the importance of being contented then i think this world will be better in terms of economy.
You see the problem is still limited. The poor are not all greedy. People are also greedy and even you. So consider your actions, because that can affect them.

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August 17, 2018, 09:29:08 PM
 #44

Basically the sole purpose and aim of economics is to devise way to meet the unlimited and ever growing needs with the limited resources. This has two solutions. Either rise your production which in tern will boost your GDP which will also improve the living standards of the people. Another way is to reduce the demand for luxuries and just consume the basic needs. Since the former does not sounds as impossible as the latter, the world has invented ways to maximize the per capital income and this has given the freedom to consume as much of the depleting natural resources as could be paid for.
I would say that the idea behind our modern economy is to figure out a way to translate a person's effort into a value that can be traded for something else. This is in place of the old bartering system. You have one person with eggs, one person with a cow and one person that can fix wells. If the person that can fix wells needs eggs, but the person that has eggs doesn't need his well fixed, you have a problem. In our economy, the person could fix a well for the guy with the cow for money. Then use the money to buy eggs. Maybe the guy who got money for the eggs would use it to buy milk. This is a very limited example, of course, but that's the general idea. Would you mind telling me what resources you think are actually going to be depleted anytime soon?
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August 17, 2018, 09:59:54 PM
 #45

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.
That's what probably the governments of the Republic of Zimbabwe thought. Long story short - printing money will lead to a hyperinflation, if a certain country is poor due to shitty economical system, export, tourism and so on (meaning no one else needs their fiat currency or products) they can't change the situation by printing money, or making salaries higher without serious assets behind all that. It would be nearly the same thing as hiding all the mess and trash in your room into different closets to make it seem tidy instead of cleaning up the mess de facto. There's another reason for that issue - it's corruption, that takes place in the most of developing countries, it actually crushes the economy. Due to corruption less people can develop small business, which is a good index of successful economy, people also immigrate to other countries with more opportunities, due to less developed business and lack of qualified labor the quality of the goods produced declines and thus people buy import production, but not their national and so on. The only way a certain country can become successful is actually people in the government stop being so greedy and unfair.

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September 18, 2018, 04:56:58 PM
 #46

I think you should read some Economics books. there you will find many answers to your questions, and even those that you have not asked

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September 18, 2018, 05:49:38 PM
 #47

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.

Basically, you are asking the wrong questions and trying to solve wrong equations. Your misunderstanding lies with the fact that you consider money as having value on its own. This is a totally wrong assumption. If you exclude money from your question completely, the answer to your post will be very simple. We can't print money since we don't consume it. We consume goods and services, while printing money doesn't add to the amount of goods produced and services available. It is material things we can possess and services we can enjoy, that make us rich. Consequently, the lack of these makes us poor. Money as such is only a mediator here, if you remove it from consideration, nothing will change.


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September 18, 2018, 06:11:27 PM
 #48

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor?

There are a lot of things that can cause people to not get rich even though the hard work is done is already maximal. One of them is from improper money management. In addition to money, another cause is actually not being able to manage assets such as property, even assets in the form of self-expertise and networks.

Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.

Printing money is not as easy as we have imagined. The government must follow the rules of the game and the consequences are quite serious. At least in printing money, the government must pay attention to several aspects, including the reserve of state wealth. In short, with the amount of money in circulation, the value of the currency decreases.
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September 18, 2018, 06:56:30 PM
 #49

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.

Did you know that it is virtually impossible for everyone to be wealthy? To understand why, just think for a moment about what it really means to have a lot of money. Resources are not endless. In fact, they become more limited with each passing day. The world population keeps increasing, while Earth’s resources have stayed the same.  A lot more people are clamoring for fewer and fewer resources. As a result, only a few may gain the advantage of having excessive access. Also, if you think about it, if everyone had the same level of income or wealth, then no one would be rich. We all continue to grow richer, but relatively there will always be differences between individuals unless everything was just divided evenly.
This really depends on what you consider wealthy. One of the definitions of being wealthy means having abundance. One of the definitely of abundance is "more than enough". Of course, not everybody can have their own mansion with a hundred acres of land, but I believe that everybody could be wealthy, meaning have more than enough. I am sure that the world has more than enough resources than we need.

This is a tricky question which is also multilayered further complicating it. The complexity of the question lies with the fact that humans are susceptible to proliferation while the amount of available resources is always limited. So no matter how abundant something is, it will eventually become scarce as the population grows. On the other hand, more people makes possible more pronounced division of labor which increases productivity. That, in turn, makes people richer until they start to reproduce again at an increased rate.


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September 18, 2018, 09:18:15 PM
 #50

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.
You do not really understand how this works, if you were to print enough money for everyone then the price of everything will go up, so that is not a solution for the problem, the only thing that we can do is to try to have an education system that is good enough for everyone, that way those that are poor will have a chance to get out of that state of poverty.
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September 18, 2018, 09:55:37 PM
 #51

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.
There are many ways to become rich, but they don't think the way to get rich is basically they don't want to try, they work hard to make money but they can't manage their income to be able to raise their economy, and I think the government prints money not for provide enough for people, because the government will certainly suit economic finance for the people in their country

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September 18, 2018, 10:33:04 PM
 #52

Everyone has the right to be rich, but not everyone must be rich. Because there is no guarantee for those who work hard will become rich. Wealth is not a skill that we can easily choose, to reach this position it will require continuous or consistent effort. To be rich, of course, also requires the ability to be able to manage money well which not everyone has. Besides ability, of course this depends on the amount of their income. It is very unlikely that a person whose income is below his life's needs can become rich.

This definitely cannot be overcome by just saying why the government does not print more money than budgeted, will this not be very good and helpful. It is probably yes, but we also need to know the problems that will arise or arise due to massive money printing, this is not a trivial matter. This will cause inflation for the country, a decline in the value of the currency because the purchasing power of society will increase because they have large amounts.

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September 19, 2018, 04:55:44 AM
 #53

We cannot all be equally rich - because the earning and spending tendency of people tends to vary. Even if we had a point where everybody starts with the same amount of wealth, inequalities will appear over a period of time. Some people will earn more because they are capable and entrepreneurial - you cannot fault them.


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September 19, 2018, 10:44:18 AM
 #54

We cannot all be equally rich - because the earning and spending tendency of people tends to vary. Even if we had a point where everybody starts with the same amount of wealth, inequalities will appear over a period of time. Some people will earn more because they are capable and entrepreneurial - you cannot fault them.

But there's a difference between inequality in being rich, as in someone's being richer than someone else (for example, yourself), and inequality in being poor, as in someone's being poorer than someone else (for example, your neighbor). So it is not about inequality as such. The majority of people wouldn't care less if someone were better off than them as long as they are pretty well off themselves.

And it is a totally different matter in being poor as ultimately you have to deal with issues such as mere sustenance, where being poorer may be bordering on living on the streets and eating leftovers from trashcans. In other words, not all inequalities are born equal, which is kinda obvious, pardon the pun.


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September 19, 2018, 01:36:08 PM
 #55

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.

My friend, you need to learn more about financial economy problems, much country give an example as you said although they didn't print money directly but at one point they do it in the same way (free subsidies).

Since ancient times economic problems have been difficult to overcome, and the majority of the problems generally (in this era) they are more obedient to lifestyle than daily needs

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