Way's to improve growth economics

[Scripture]

I really enjoined the first article, it really broadens the concept of growth in an economic way and the way to go there about but we all know that all those are theory we need to bring it to the practice especially the issue of gross domestic product in the economy.

I’m thinking if the government officials read these kind of articles because seriously, an ordinary individual can’t influence the economy and the growth will always depend on how the government handles everything from a farmer up to the big industries, it matters. We can just simply buy local products but is that really effective for the growth of economy? We should think beyond that.

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[Midy]

can you give a conclusion instead of giving us a link to visit. we want to hear seriously how the economy is improving from different perspectives. We need a narrative to discuss with you. at least give feedback or input that can open your thread.

Maybe I can drop some of my opinions on some or different ways on how we will be able to improve the economic growth of a certain country. The first thing we need to do is to expand the employment of jobs in a certain country in order for them to be more productive at the same time the tax of it will be shortened because the more that the people are employed the more that they will pay taxes and this follows on increasing the real wages wherein the grow of the inflation to the consumers have more disposable to spend and also lowering the interest rates when it comes to the investments and borrowing money of the people.

That is a good way to restore the economy of a country that is currently declining, but the reality on the ground now is the opposite we expect, because the unemployment rate is increasing so that people find it difficult to pay taxes.

[awik p]

can you give a conclusion instead of giving us a link to visit. we want to hear seriously how the economy is improving from different perspectives. We need a narrative to discuss with you. at least give feedback or input that can open your thread.

Maybe I can drop some of my opinions on some or different ways on how we will be able to improve the economic growth of a certain country. The first thing we need to do is to expand the employment of jobs in a certain country in order for them to be more productive at the same time the tax of it will be shortened because the more that the people are employed the more that they will pay taxes and this follows on increasing the real wages wherein the grow of the inflation to the consumers have more disposable to spend and also lowering the interest rates when it comes to the investments and borrowing money of the people.

That is a good way to restore the economy of a country that is currently declining, but the reality on the ground now is the opposite we expect, because the unemployment rate is increasing so that people find it difficult to pay taxes.

taxes play an important role in building a country, we know from taxes can be used to improve various sectors in a country. but the problem is that right now is the pandemic season, and many companies are bankrupt, so there is a lot of unemployment, and it seems the government is always looking for new land to get taxes.

[Xinarae*]

Productivity declines as tax rates rise as people choose to work less the higher the tax rate the more people spend on tax evasion and the less time they spend on productive activities. So the lower the tax rate the higher the value of all goods and services produced tax rates are related to economic growth reducing tax rates will lead to economic growth and prosperity we reduce taxes but almost all the benefits go to the rich because they pay the most taxes. Many unemployed people will find a way to work and the country's economy will improve rapidly.

[Lorence.xD]

Maybe increase in wages, support in local producers, more taxes for big businesses and a competent and good government will probably do the work. If the economy has a balanced supply and demand with a good surplus of supply,I think the economy will steadily grow.

[lixer]

  The following statements below shows the improvement of an economic:

https://www.economicshelp.org/blog/4493/economics/how-to-increase-economic-growth/

https://www.realsimple.com/work-life/money/money-planning/ways-to-stimulate-economy

https://www.forbes.com/sites/garyshapiro/2013/01/23/six-ways-to-create-economic-growth/?sh=54585b1f7e32

Well, I didn’t read all the links you have pasted here, I just went to the Forbes link and clicked on it. The article talks six ways that we can improve our economy and they were accurate about it.

There are lots of things that needs to be done to help the economy of a country to grow, although the article was being specific about the USA, but some of the strategies that the author have mentioned can as well be applied by the government of other countries and they can use those methods to increase their economy’s growth and make their countries a better place. And also doing something about unemployment is very important, people shouldn’t be jobless.

[just_Alice]

Right but you would also need the medical infrastructure to reasonably organize that. If you are a doctor with no experience and your patient says he feels so much better after taking mushrooms, how can you judge that? There will be many who are going to abuse the system as well. On the other hand you would reduce crime, that's correct. I think after all if alcohol is allowed (which really destroys your brain in no time), it is hard to argue against other (softer) drugs.

Not sure about reducing the crime. In some countries, it has been shown that unlike it was expected, the drug-related crime occurrence didn't significantly decrease after the legislation. But abusing the system of drugs for medical purposes isn't as easy as it may seem. There will be strict protocols, that clearly state under which circumstances and in which amounts certain substances are allowed to be prescribed. And, of course, it can only be done by authorized personnel.

[worle1bm]

Some important point for betterment of economy as suggested by experts:

1) Pay your taxes instead of evading them
2) Relaxation and subsidies to businesses
3)Promote the entrepreneurs in the country to make them unicorn startup
4)More production in the economy
5)Give boost to infrastructure

I am not an economist who can suggest some ways by which government can improve or stimulte their economy as they have experts for that matter but still they are struggling for growth. It's just a discussion nothing else as government's are not going for public opinion on these matters and still do their own wish.

[Silberman]

The current economic system is flawed as it depends on creating money out of nowhere and steal that wealth from their citizens with most of them not understanding what is happening at all and then give it to the favored members of the political class and do this forever, it is obvious this cannot be in place forever and as such it will fail, now I am not saying this will happen tomorrow as it could take decades before it happens but it is inevitable, which is one of the many reasons why I am in bitcoin.

[crzy]

Some important point for betterment of economy as suggested by experts:

1) Pay your taxes instead of evading them
2) Relaxation and subsidies to businesses
3)Promote the entrepreneurs in the country to make them unicorn startup
4)More production in the economy
5)Give boost to infrastructure

I am not an economist who can suggest some ways by which government can improve or stimulte their economy as they have experts for that matter but still they are struggling for growth. It's just a discussion nothing else as government's are not going for public opinion on these matters and still do their own wish.

Also vote a government official who will work honestly because even if you’re a good citizen, if the government is so corrupt then its useless. Economic growth is a vert broad topic and there’s a lot of things that need to be considered, this is not easy but if you’re a good citizen you’ll always do your part.

[GeorgeJohn]

Increasing a country economy come through different form, in sincere manner a country will increase their economy through diversification of their source of income.
So the only remedy i think that will help come up economy is infrastructure, Agricultural  Sector, Trading and introduction of skill acquisition and Job Opportunity, this are major factor.
Skill will make people not to depends on government and it will reduce the work load via employment, and this is applicable to other points protray here.

 

[paxmao]

Since there is nothing to answer, I am going to run an experiment. I have not clicked any of the links but I am going to guess-summarise what they say just by looking at the outlets you have mentioned:
- Remove tariff and encourage free commerce.
- De-regulate all markets, hiring and working practices, limit to campaign funding by companies,...
- Maintain the status quo of all tax havens.
- Reduce public pensions, make them all private.
- Make all health services private. Remove public health insurance.

Please, let me know if I have guessed at least one of these

[Coroline]

In my opinion, to increase economic growth, the Government runs programs that provide profitable opportunities for SME businesses to develop more. Looking at the current situation, it is undeniable that SMEs can increase our economic growth and development. But behind all that, there are still many SME activists who find it difficult to run their business. Therefore, not a few of them have to close their businesses at a relatively new age. The reasons also vary, but the most common thing is the lack of working capital.

[Silberman]

Some important point for betterment of economy as suggested by experts:

1) Pay your taxes instead of evading them
2) Relaxation and subsidies to businesses
3)Promote the entrepreneurs in the country to make them unicorn startup
4)More production in the economy
5)Give boost to infrastructure

I am not an economist who can suggest some ways by which government can improve or stimulte their economy as they have experts for that matter but still they are struggling for growth. It's just a discussion nothing else as government's are not going for public opinion on these matters and still do their own wish.

Also vote a government official who will work honestly because even if you’re a good citizen, if the government is so corrupt then its useless. Economic growth is a vert broad topic and there’s a lot of things that need to be considered, this is not easy but if you’re a good citizen you’ll always do your part.

Corrupt governments are a great reason why many countries that should be doing great are in fact greatly underperforming, after all if you see that politicians get rich by holding their offices then what incentive has the average person to work hard when he knows he is basically working for a bunch of thieves? And then when we add that those politicians not only steal the money paid in taxes but they even ask for loans and steal money that it has yet to be earned then this makes the situation even worse, which is exactly what we are seeing with so many countries that are incredibly indebted and have nothing to show for.