Difference between past and present economy,

[rhodelmabanal]

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

What do you guys think about it is there a big difference on our past and present economy?

[Helena Yu]

It's the definition of evolving.

In the past, the poor was struggle to find something to eat, but now they can eat junk food or anything that can make them full even though it's not good for health.

In the past, middle class wasn't struggle to eat and they can go to school, but now they have secure high position in the company they work and they already have few assets.

In the past, the rich net worth was $1 Million, but now their net worth become $1 Billion.

Things getting better, but you should know that people around you are getting better too.

[Yucky]

What do you guys think about it is there a big difference on our past and present economy?

the difference is too obvious  and contrary to what you said, the economy and the living standard of people is even getting worse by the day. For most rural setting, maybe in the past, education wasn't a problem but food was never a big issue for them and most of the natural resources that are present weren't discovered yet. Should we be comparing ourselves to the people who lived in the past knowing that we have better resource and better systems that will help us live a better life than them?

Even though most of them didn't have to go to school, they could still find a good means of feeding thier families that doesn't require a formal education. Can we say that such is the case with today's society? You need education for you to be relevant at almost all the things you're doing. And when you can't afford to get the best education due to the bad economy, it goes to affect your finance, family and how the society even views and relate with you.

[Lida93]

What do you guys think about it is there a big difference on our past and present economy?

In life change is constant and so therefore it's expedient that we will continue experiencing different patterns of changes in all spheres of life and the economy is not exclusive to these changes.

Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.

I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.

[Darker45]

I guess life has improved in general. New technologies have been developed. As a result, mass production has become a thing. Resources are now easily exploited. Everything is now available everywhere. The world is becoming a single community. Trades routes are opened and goods are easily flowing in and out of every country. In other words, the times have changed.

Surely, however, there are trade-offs. Emerson once noted that "society never advances. It recedes as fast on one side as it gains on the other."

[stompix]

the difference is too obvious  and contrary to what you said, the economy and the living standard of people is even getting worse by the day.

Bs! Sorry but this is BS!
Poverty now can't be compared to poverty one century ago!

People often brag about how they could afford this and that and forget what you actually had before, a crappy house, crappy car, maybe a tv or something and forget about the rest, not having a smartphone or air conditioning makes you poor! Take the US housing statistics about the size of home:
1920: 1,048 square feet
1970: 1,500 square feet
2014: 2,657 square feet

The median house was two and half sizes smaller then and the families were twice as much in size, people were living in 20sqm per capita now they have 60 on average. The number of families without cars went down by 15% in 50 years, the number of families with a second car went up by 36%.

Living standard is going down by the day? Let'stake the poorest region of the world:
https://www.statista.com/statistics/1076271/life-expectancy-africa-historical/
Africa's life expectancy was 42 years in the 60's, it's now 64 years!

Oh, we have 10% -205 inflation and it's the end of the world, hell I've lived through 100% in the 90s and if we compare the living standard from your average east European it's like rushing in 30 years from the Iron Age to the Renaissance!

[Justbillywitt]

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

What do you guys think about it is there a big difference on our past and present economy?

It depends on your country of residence or how things are in your region. There are still poor people out there that are struggling to feed themselves, have a good shelter to stay or afford a good medication. I think anyone who can eat whatever they want to eat, go to school and sustain the bills and everything that comes with it is no longer poor. Although the person might not be that rich to the point that they will be flaunting flashy things, but they are not poor. In my country, there are still many people who are finding it very difficult to feed, not to even talk of going to school. Inflation is so high that people are wishing that we go back to the old days when the economy was much better. There are some countries where their old economy is far better than the present economy. The old economy brought many people out of poverty and they saw food to eat and got other things easily. Their living conditions were better back then than now. So it all depends on how your economy is working over there, but here our present economy is worst than our previous economy. People are struggling now to survive than we were doing back then.

[Majestic-milf]

 Your observations are a bit faulty if I may say. Back then, the only thing you could differentiate a poor man from one who is rich is education. And by education I mean formal education because those who you regard as poor could afford three square meals and it's often healthy that's why you see them lead healthier and longer lives unlike now where even the middle class if care's not taken could be regarded as poor because the cost of things.
 Another thing is, back then prices weren't as inflated as they are now and you can get quality products but these days, things are so high and the products don't live up to expectations ( this observation is as a result of where I'm from).

[ethereumhunter]

The situation is almost the same although some aspect is grow better than in the past. People can gets better school, food but they need to struggle to survive because this present harder than the past. Although people can get better situation than in the past, the price for each product is also increase and that makes people needs to make more and more money to buy it. People nowadays also feels difficult to get a work or buy food so that makes them become homeless. This number can increase when situation in the country becomes difficult and they are difficult to get their primary things.

Education can be found in every where not just in formal institution because in some country, that will be cost too high but parents in that country make sure their children can get what their parents can not get. The economy still hard for those who can not compete with others and they willing to accept their situation because they realizes that they can not get better but other people who are in the same situation still trying to have a better life. That depends on each people how they want to change their life to be better than before.

[DrBeer]

It's the definition of evolving.

In the past, the poor was struggle to find something to eat, but now they can eat junk food or anything that can make them full even though it's not good for health.

In the past, middle class wasn't struggle to eat and they can go to school, but now they have secure high position in the company they work and they already have few assets.

In the past, the rich net worth was $1 Million, but now their net worth become $1 Billion.

Things getting better, but you should know that people around you are getting better too.

In order to understand where you get this vision from - tell me, if it's not a secret - what country are you from ?

I am not a resident of the US or EU (I am talking about the developed world), but I have friends there and the situation is different from what you describe....

Poor citizens receive both financial aid and social aid - from food and medical care to housing.

The middle class is the main layer of consumers. And they spend money the same way they spend money. On food, education, entertainment, vacations,..... The middle class also owns major assets - residential real estate, savings, stocks.... Not all of them, of course, but many.

The size of capitals has changed, because in the modern world it is easier to earn money. And let's not forget about inflation after the mass of global turmoil of the last 10 years.

[DeathAngel]

Present economies are characterized by advanced tech, globalisation & digital transactions leading to increased efficiency. They often focus on services & knowledge based industries. Past economies relied heavily on agriculture & manufacturing with limited technological influence & local markets. Economic structures were more rigid & trade was often conducted through barter systems. Present economies emphasise innovation & adaptability while past economies were more dependent on physical goods & traditional practices.

[Samlucky O]

What do you guys think about it is there a big difference on our past and present economy?

From my own perspective I see that There is a different between the past and current economy. Let me emphasis about Africa my continent. In the Earlier years past things where cheep meaning the poor was able to afford or carter for themselves, but today it is difficult for a common man to eat. And as well some who where poor back den can also be rich today. (Vise versa) curruption was also lesser compeard to now. People where agriculturally productive and self dependent, but as time goes on educational system was introduced, it was not really bad though but instead of education to create production it created Numerous numbers of consumers instead of producers who are even looking for job today. When I was younger, things where chip because there was enough production and almost everyone back then where producing one thing or the other. today some of our countries could have enhanced it citizen with some mechanism for production in different sectors, to be able to produce things and sell cheap, but they prefer importation. Thereby everything becomes expensive. The funny part is that majority of students graduates every year without a skill but hoping to be employed. forgetting that there is a large number of unemployed youths lining up on a que for employment in the society. So we are gradually moving from production to consumption.

[Roseline492]

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

What do you guys think about it is there a big difference on our past and present economy?

There will always going to be a difference between past and present reason been that the more the days are going that's actually how things are evolving and new ways at which will give people the opportunity of making themselves financially better will becoming and perhaps that's how it will continue as time goes by because in the next 20 years time we would likely see more positive changes more than our present economy, though I believe that those days in the past hardship was not that much because people of those days knows how to take care of themselves very well but most of them only depends on farming for survival and things were very easy and affordable for them whereas they would not spend much to buy things but on our present economy in as much as there are some certain positive changes but the price of things are too expensive for people to afford.

[tabas]

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

What do you guys think about it is there a big difference on our past and present economy?

It's hard to distinguish the past economy when we're younger and the current one when we're more aware of the situation of our economy. I'd say that this varies per situation that we're having. We recognize how tough life was before if you come from a very unfortunate family and now you're able to buy the things that you want because you have a job and you worked hard for it. Those who are struggling are starting from the beginning and there's no one to help them lift their lives up. We can say that we've been there and done that and the economy for them is tough but no longer with you if you're able to buy things that you want and you need. It's that life changes, we grow older, opportunities come and we take it. I agree with you that the modern day also has given opportunity to those that are strategic and utilizing the usage of digital economy.

[Yeesha]

There is a big differences between the past economy and the present economy, because the world has been evolving, life was simple and soft when agriculture was the only option, before technology and education was introduced, because from my point of view, I observed that the twenty first century has been very hard and the situation is becoming unbearable to everyone, Africa is also my continent and a lot of people are really suffering, because in olden days it will be very hard to see someone dieing of hunger, but it popular nowadays, current riches are the ones that can be classified as olden days poors.

[Rockstarguy]

What do you guys think about it is there a big difference on our past and present economy?

In life change is constant and so therefore it's expedient that we will continue experiencing different patterns of changes in all spheres of life and the economy is not exclusive to these changes.

Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.

I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.

I think the economy have become worse than how it was some years back because of so many challenges.  Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown.

Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.

[Mr.sprin]

I think the economy have become worse than how it was some years back because of so many challenges.  Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown.

Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.

The difference between now and the past is very visible, where the economy of today's society is in a very bad state, everywhere we see the economy is very weak at the moment, people who sell are complaining that there will be no buyers, the market used to be very busy but is now empty of people. visitors, due to the current economic downturn in society.

The harvest results that the community is currently experiencing are not as profitable as in previous years, where the harvests from the community's rice fields and plantations have decreased drastically, with very high inflation rates that are not in line with the income that the community gets, where all basic commodities continue to soar. price.

[Marvelockg]

This depends entirely on the country you're taking your reference from. Some countries that have been at war for some couple of years wouldn't say the present day economy is better than the past. Some that have witnessed a tremendous development will certainly agree that things isn't all that bad at the present compared to the past.

With the introduction of phones, cars and a lot of technological things that have come into existence, life has become much easier economically and socially than what it used to be in the past. It's just that we've gained exposure and wants life to get better than what it is now. Most of us work from home and can literally stay in our country and do remote jobs that's in a far away country. In the past, those kind of things never existed. They were restricted by the jobs that is available to them in Thier environmental and if they can't find one, they're left jobless. Those and many more are the things we are not suffering from.

[uneng]

What do you guys think about it is there a big difference on our past and present economy?

At same there are many differences, there also many similarities. Since you talked about food and school access, let's draw some differences between these aspects in the past and now. In the past, access was more restricted, but on the other hand, the quality of the education and food were superior. Before food really tasted well, while now, cheap food (which everyone can have access) taste like nothing... If you don't have money nowadays, you won't have access to flavored and tasteful food anyway, because these are pretty expensive.

Education is the same, as nowadays everyone can go to school and get a degree, but it doesn't mean anything at all anymore, as there are many people with degrees who can't find a job or display professional skills which theoretically should have been learned and acquired during the college.

So, we live an illusion in the present moment, where you are just deluded to believe things are improving and you are having life quality, while in fact it's just that life quality decreased in some aspects, and that is the reason why it has become accessible to the masses.

[Marvell1]

In life change is constant and so therefore it's expedient that we will continue experiencing different patterns of changes in all spheres of life and the economy is not exclusive to these changes.

Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.

I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.

I think the economy have become worse than how it was some years back because of so many challenges.  Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown.

Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.

The Covid pandemic is not the only pandemic the world has ever experienced, there have been many pandemics that caused much greater loss and damage in the past. Also, things take time to recover and grow, we were worse in 2022 but things are slowly getting much more stable. So to say that things are worse than before is too hasty, I don't think that's true.

Our economy is also cyclical and we are in a transitional period so there will be certain difficulties but I believe everything will recover and grow to new heights. Also, whether you feel the world is getting better or worse is up to you, the world will be different in everyone's eyes. People who earn more and more money will see the world getting better and better and vice versa.