What are some not so obvious things that damage a country's economy?

[SummerBliss]

Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?

The economy of every country depends upon its youth and if they are dismotivated the economy cannot grow or gdp will fall.The basic reason behind this can be umemployment,drugs,poverty,ill affect of social media which is promoting the negative activities or crime rates around the world.The governmemts need to take step to motivate them by providing them employment or training in vocational courses so that they can lead better life.Moreover they should made policies so that foreign investment increases in country which will generate foreign income reservers which can be used for development purposes.

[Mometaskers]

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Correct,government has so many projects which are redundant or not really needed.Like a road being replaced eve that road  still looks new and  being used. They are doing this because of projects. When there a project, there is a budget, a money going out from government coffers, and lastly there is a commission or kickback.

snip

Free stuff doesn't mean a bad thing in many cases, if a government can manage its resources to increase the GDP growth then it's not a problem, that's what every government should do.
But the most problem in many governances, there are corrupt people who always think to enrich themselves, that's where the problem starts.

I think the problem with this is that for welfare at least, it'll be harder for watchdogs to track every single recipient to say that corruption is happening. For example the government program in my country where they give cash assistance to indigents, sometimes people that aren't very poor still manage to get money. Maybe they know someone who listed them, etc.

Sure any program can be taken advantage of but with such scale, it'll be hard to double-check. And there may not even be a concerted effort for corruption, everyone simply just takes a little bit more than what they should have.

[Findingnemo]

From OP's example,if people get less healthier and getting sick from time to time then it will make the economy more stronger only because people have to take medicine too often if they fall sick too often and many countries still have high tax rate for the medical products as well so governments will make more money but the people will be still in poor.

They will be ill and use medical services, but at the same time, many of them will not be able to work and will be treated at home. Same thing with alcohol. Addicted people buy it constantly, but because of this bad habit they lose their jobs. Hence the harm to the economy.

But understand when people addicted to alcohol the government is going to make more and more only people will be poor.

Medical also the same but if government provides the best medical service for free then it will not be a business.

[DaftAjax]

From OP's example,if people get less healthier and getting sick from time to time then it will make the economy more stronger only because people have to take medicine too often if they fall sick too often and many countries still have high tax rate for the medical products as well so governments will make more money but the people will be still in poor.

They will be ill and use medical services, but at the same time, many of them will not be able to work and will be treated at home. Same thing with alcohol. Addicted people buy it constantly, but because of this bad habit they lose their jobs. Hence the harm to the economy.

But understand when people addicted to alcohol the government is going to make more and more only people will be poor.

Medical also the same but if government provides the best medical service for free then it will not be a business.

First of all, what drugs do you people take? Seriously, the medicine has huge effects on the economy(?), oh another one, turns out alcohol has massive effects on the economy(?) You guys are exaggerating yourselves.

Do you think taking constant medication is good for the economy(?), for its people(?) I think you're all delusional. And for the record, the economy doesn't work that way, you guys need some simple economics course you need to take. There are a lot more reasonable conditions for an economy to drop.

If an employee gets sick companies would hire/have a temporary replacement to continue the work of the sick person. Problem solved. Do you think companies will just let it happen(?) Do you think all the process/planning/sale of the company revolves only to the sick person(?) Oh, and you mentioned a lot of people will get sick, how irresponsible do you think people are(?), and what is this a plague(?) And I am pretty sure the government does not propagate in using medicine, after all, the medicines are being produced by medically specialized companies that distribute their products to pharmacies, that's how they make their sales. The government is responsible for the permits of operation and its tax as a means of business. And mind you, people being poor are not entirely the government's fault with their taxes and such, sure they play a part in it, but in the end, it falls on the shoulders of these people. The same thing with alcohol, don't blame these things, they're just irresponsible.

I'm going to share what happened here in my country with regard to these issues: There is an increased tax on Alcohol, Tobacco, Confectionary-related products. Because the government saw an abundant increase in the consumption of the said products, they wanted to lessen it. Why(?) because they've noticed that besides youngsters being exposed to Alcohol, Tobacco-related products, death counts also increase for the same reason. Confectionary products are also having an increase because not only these products increase the count of consumption it also increases the cost of production, and not to mention the "import cost" of the said products is quite expensive.

Now I could tell you more but I'm just gonna leave it here.

[Findingnemo]

From OP's example,if people get less healthier and getting sick from time to time then it will make the economy more stronger only because people have to take medicine too often if they fall sick too often and many countries still have high tax rate for the medical products as well so governments will make more money but the people will be still in poor.

They will be ill and use medical services, but at the same time, many of them will not be able to work and will be treated at home. Same thing with alcohol. Addicted people buy it constantly, but because of this bad habit they lose their jobs. Hence the harm to the economy.

But understand when people addicted to alcohol the government is going to make more and more only people will be poor.

Medical also the same but if government provides the best medical service for free then it will not be a business.

First of all, what drugs do you people take? Seriously, the medicine has huge effects on the economy(?), oh another one, turns out alcohol has massive effects on the economy(?) You guys are exaggerating yourselves.

Do you think taking constant medication is good for the economy(?), for its people(?) I think you're all delusional. And for the record, the economy doesn't work that way, you guys need some simple economics course you need to take. There are a lot more reasonable conditions for an economy to drop.

If an employee gets sick companies would hire/have a temporary replacement to continue the work of the sick person. Problem solved. Do you think companies will just let it happen(?) Do you think all the process/planning/sale of the company revolves only to the sick person(?) Oh, and you mentioned a lot of people will get sick, how irresponsible do you think people are(?), and what is this a plague(?) And I am pretty sure the government does not propagate in using medicine, after all, the medicines are being produced by medically specialized companies that distribute their products to pharmacies, that's how they make their sales. The government is responsible for the permits of operation and its tax as a means of business. And mind you, people being poor are not entirely the government's fault with their taxes and such, sure they play a part in it, but in the end, it falls on the shoulders of these people. The same thing with alcohol, don't blame these things, they're just irresponsible.

I'm going to share what happened here in my country with regard to these issues: There is an increased tax on Alcohol, Tobacco, Confectionary-related products. Because the government saw an abundant increase in the consumption of the said products, they wanted to lessen it. Why(?) because they've noticed that besides youngsters being exposed to Alcohol, Tobacco-related products, death counts also increase for the same reason. Confectionary products are also having an increase because not only these products increase the count of consumption it also increases the cost of production, and not to mention the "import cost" of the said products is quite expensive.

Now I could tell you more but I'm just gonna leave it here.

Do you know how much tax has been asked for medicines,alcohol and cigarettes,in most countries it is about 30 to 60% so this give huge revenue to government,Isn't it?

If government making huge revenue then it could leads to make them stronger economy,Isn't it?

Mass production of something will lessen the production cost not going to increase it.

If government care about the younger generation then should have to ban it but increasing or decreasing the taxes doesn't alter the usage or consumption it will makes more revenue.

[DaftAjax]

Do you know how much tax has been asked for medicines,alcohol and cigarettes,in most countries it is about 30 to 60% so this give huge revenue to government,Isn't it?

If government making huge revenue then it could leads to make them stronger economy,Isn't it?

Mass production of something will lessen the production cost not going to increase it.

If government care about the younger generation then should have to ban it but increasing or decreasing the taxes doesn't alter the usage or consumption it will makes more revenue.

I apologize because honestly, I have to chuckle on you for that.

60% is too much for a tax, even 30%. I think 15% or less is more realistic. But given the situation that the government wanted to tax as high as 60%, then the company that produces alcohol and tobacco (cigarettes) will lessen its production, thus only increasing its price, but will still yield the same revenue--as they will have less raw materials to process and fewer workers to work with. If they mass-produce even if they know that the government is taxing those products by 30% or 60%, then they're not good businessmen, and they will probably get bankrupt.

Mind you, yes the government influences the economy, but they're not entirely tied to it. I don't know how you view taxes, government, and economy but you should definitely need to do your assignments.

And no, they have no plans on banning alcohol or tobacco, the main purpose of it, is to promote responsible drinking or smoking, and to avoid too much a person should consume.

[Findingnemo]

Do you know how much tax has been asked for medicines,alcohol and cigarettes,in most countries it is about 30 to 60% so this give huge revenue to government,Isn't it?

If government making huge revenue then it could leads to make them stronger economy,Isn't it?

Mass production of something will lessen the production cost not going to increase it.

If government care about the younger generation then should have to ban it but increasing or decreasing the taxes doesn't alter the usage or consumption it will makes more revenue.

I apologize because honestly, I have to chuckle on you for that.

60% is too much for a tax, even 30%. I think 15% or less is more realistic. But given the situation that the government wanted to tax as high as 60%, then the company that produces alcohol and tobacco (cigarettes) will lessen its production, thus only increasing its price, but will still yield the same revenue--as they will have less raw materials to process and fewer workers to work with. If they mass-produce even if they know that the government is taxing those products by 30% or 60%, then they're not good businessmen, and they will probably get bankrupt.

Mind you, yes the government influences the economy, but they're not entirely tied to it. I don't know how you view taxes, government, and economy but you should definitely need to do your assignments.

And no, they have no plans on banning alcohol or tobacco, the main purpose of it, is to promote responsible drinking or smoking, and to avoid too much a person should consume.

You need to understand companies are not paying taxes, we (consumers) paying it,so no matter how much tax has been out of for a product it will just weigh on the consumers (smokers and alcholic).

I too knew only when people got better life from a country can be considered as strong economy but is there any country being like that?

And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them.

[DaftAjax]

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1) You need to understand companies are not paying taxes, we (consumers) paying it,so no matter how much tax has been out of for a product it will just weigh on the consumers (smokers and alcholic).

2) I too knew only when people got better life from a country can be considered as strong economy but is there any country being like that?

3) And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them.

1) Are you sure about that(?) because this one says otherwise. After you read those, maybe you'll have a change of opinion, looking forward to that.

2) Every country is divided into classes (high>medium>low), rich to poor if simplified. I know this may sound discriminating but that's how it goes.

3) Don't tell me you haven't had alcohol before(?), I don't wanna pry on you but sometimes alcohol is the catalyst in creating/tempering relationships in general. I'm not sure about smoking tho, that's the real poison. And like I said, it is to promote moderation--and prevent overconsumption of an individual should.

[deisik]

And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few

[Findingnemo]

<....>

1) You need to understand companies are not paying taxes, we (consumers) paying it,so no matter how much tax has been out of for a product it will just weigh on the consumers (smokers and alcholic).

2) I too knew only when people got better life from a country can be considered as strong economy but is there any country being like that?

3) And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them.

1) Are you sure about that(?) because this one says otherwise. After you read those, maybe you'll have a change of opinion, looking forward to that.

2) Every country is divided into classes (high>medium>low), rich to poor if simplified. I know this may sound discriminating but that's how it goes.

3) Don't tell me you haven't had alcohol before(?), I don't wanna pry on you but sometimes alcohol is the catalyst in creating/tempering relationships in general. I'm not sure about smoking tho, that's the real poison. And like I said, it is to promote moderation--and prevent overconsumption of an individual should.

So we can say that companies paying taxes and collecting the paid amount from us,if you not aware of it go and see the something you bought it recently it will clearly explains how much taxes you have been paid for buying it unfortunately many people not aware of they were paying taxes to everything while purchasing.

Income tax is another thing and its depends on the annual income so its just extra tax from our income to be paid.

I can say you,I never drink alcohol but I am a smoker at least 20 per day.

And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few

Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

[DaftAjax]

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So we can say that companies paying taxes and collecting the paid amount from us,if you not aware of it go and see the something you bought it recently it will clearly explains how much taxes you have been paid for buying it unfortunately many people not aware of they were paying taxes to everything while purchasing.

Income tax is another thing and its depends on the annual income so its just extra tax from our income to be paid.

I can say you,I never drink alcohol but I am a smoker at least 20 per day.

I get it, that's why I brought it, and that's not the point. But merely increasing the tax or rather sin-tax on products such as tobacco, alcohol-related goods, will not damage the economy entirely. In fact, it is also a strategy by the government if the economy is in shambles (or for instance if the country has a debt in the world bank and this is one of their strategies to cope up, like here in my country)--thus inflation will take effect.

I'm not really a hard drinker, only occasionally, when I and my friends or relatives gather for such a long time, being busy and all that. I can't sympathize your level of smoking, you see, my lungs aren't strong when I was a kid and I had to take medication because of dust, smoke, etc. and even if I'm ok now, I had that habit of not intaking any of it as possible.

And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few

Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

I never thought about that, if we didn't learn from our history, these same incidents will occur again. The reasoning of increased tax for the goods should be transparent from the government, I'm pretty sure they will do that (well, depends on the type of government).

[carriebee]

There's a lot of thing damage the country economy like education some countries poor education, social media that kills bond of family and government that some of them are corrupt take the advantage of every poor people. If we help each other and be aware to everything it will solve all the damage in every country enonomy but we know that it's not easy.

[BennyK]

The economic status of a country is determined by the value of the currency of that country. An what brings value to a country's currency may include foreign exchange, tourism, importation and exportation of goods, etc. For a country to have high value for its currency, it must be able to export more products to foreign countries than the rate of importing goods. This also raises its foreign exchange status.

[Ailmand]

Poor education system and bad governance ruins the economy of the country. Lack of education leads to chaos, I believe if people are well educated the likelihood of them voting a corrupt leader would be less, and they will know how and when to stand if they see that something is off or wrong in their leaders governance.

[sirminesalot]

Poor education system and bad governance ruins the economy of the country. Lack of education leads to chaos, I believe if people are well educated the likelihood of them voting a corrupt leader would be less, and they will know how and when to stand if they see that something is off or wrong in their leaders governance.

it is true that you convey the country's economy can be destroyed because the economy's perpetrators use it for their own interests over the interests of others and one of them as you submit corruption with crypto currencies all kinds of corruption will be detected very clearly because of the nature of transparent currencies

[Findingnemo]

Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

I never thought about that, if we didn't learn from our history, these same incidents will occur again. The reasoning of increased tax for the goods should be transparent from the government, I'm pretty sure they will do that (well, depends on the type of government).

I expressed opinion based in what is happening in my country,they say they will not allow people to addict alcohol but they still allowing more bars which means they just aim for the revenue not about the promises they made before and you know it has biggest chunk of total revenue comes from taxes on tobacco,alcohols,etc.

[deisik]

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few

Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well

And this, in turn, can lead to a plethora of negative consequences of its own

If the taxes are such that quality alcohol becomes prohibitively expensive for the majority of consumers, people will start using some poisonous shit instead (this is a sad reality in Russia, for example). And then the government will have to spend these taxes on healthcare dealing with the victims of cheap and low-grade drinks, which would make the whole effort of raising more taxes counterproductive, if not outright destructive to the economy and people in general

[DaftAjax]

Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

I never thought about that, if we didn't learn from our history, these same incidents will occur again. The reasoning of increased tax for the goods should be transparent from the government, I'm pretty sure they will do that (well, depends on the type of government).

I expressed opinion based in what is happening in my country,they say they will not allow people to addict alcohol but they still allowing more bars which means they just aim for the revenue not about the promises they made before and you know it has biggest chunk of total revenue comes from taxes on tobacco,alcohols,etc.

Then we have nothing to argue--but there's still something we can compare. If your country has a really high tax on tobacco, alcohol-related products, then this might really affect the majority of its citizens. After all, it is very casual for people to drink, or smoke. So in the end, raising taxes on these products doesn't really resolve the issue, at least in your country. But here in my country, normal citizens can still buy these products as it's still considered as cheap, why(?), because the cheapest beer of bottle here only costs $1~$2, and $1~$3 for a pack of cigarette (in fact they've already raised the tax of these products, before it was half of that). But I've seen in some news that they're still going to raise it for a bit. But aside from that, confectionary-related products are also included, so they're going to be even more expensive as it is.

[Findingnemo]

If the taxes are such that quality alcohol becomes prohibitively expensive for the majority of consumers, people will start using some poisonous shit instead (this is a sad reality in Russia, for example). And then the government will have to spend these taxes on healthcare dealing with the victims of cheap and low-grade drinks, which would make the whole effort of raising more taxes counterproductive, if not outright destructive to the economy and people in general

Exactly,then again they will spend little on healthcare and make more money from those taxes only exceptions were few countries which are providing high class health care for free to all their citizen.

[juperos]

I think some of the ambiguous things that damage the economy in my country are social networks, social networks that have been so developed over the last 20 years, people spend most of their time on them, reducing productivity at work, in addition to corruption is also a huge flaw, the governments in my country are not really clear, transparent also the transportation system is not well developed yet, often traffic jams cause delays of work, economy.