What is the role of patience in economic development

[icebar]

Patience, along with other qualities, plays an important role in the economic development of a country as well as at the individual level. Because we know that general economic development is not possible to be done quickly. To develop here, a person must definitely pass a major challenge of being patient. People who have this quality do much better than others at any level of personal or business area.

If someone is patient in doing business, he may not be able to profit in the beginning, but his business will gradually expand. Customers will get an idea about his business. If that person is honest and sincere and continues to do his business with patience, then even if he is not profitable in the short term, he will be successful in the long term. Those who have become established businessmen today did not achieve fame in the beginning, but they were able to achieve their establishment through long efforts and patience.

The situation was very challenging in the beginning of big companies. ‍Such as SpaceX, Apple, Tesla, Amazon, Netflix

and many the owners of these companies have become the owners of established businesses today by working hard and being patient.

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

[Spaceman1000$]

Patience, along with other qualities, plays an important role in the economic development of a country as well as at the individual level. Because we know that general economic development is not possible to be done quickly. To develop here, a person must definitely pass a major challenge of being patient. People who have this quality do much better than others at any level of personal or business area.

If someone is patient in doing business, he may not be able to profit in the beginning, but his business will gradually expand. Customers will get an idea about his business. If that person is honest and sincere and continues to do his business with patience, then even if he is not profitable in the short term, he will be successful in the long term. Those who have become established businessmen today did not achieve fame in the beginning, but they were able to achieve their establishment through long efforts and patience.

The situation was very challenging in the beginning of big companies. ‍Such as SpaceX, Apple, Tesla, Amazon, Netflix

and many the owners of these companies have become the owners of established businesses today by working hard and being patient.

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

Patience they say is a virtue, hence your doing the right thing and you keep on keeping on, then you will certainly grow, however their is a caveat to this, being patient while waiting for an investment to grow doesn't mean you shouldn't hesitate to try something new if the opportunity comes, you shouldn't remain patient on one thing while allowing other opportunities to pass you by.  

Don't look at a successful business like Tesla, Netflix, Amazon and believe you will just start up something and be patient about it, a lot of under ground rigorous hard work and brilliance was put into it, experts where consulted and lots of feasibility studies where carried out too. So my point is you can start up a business at the cradle but make sure you put intense hard work and marketing skill to persuade investors to see the need as to why they should invest their money into your idea, so patience is good but it's not enough.

[Rockstarguy]

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

Development of an economy is a gradual process and for anyone to have patience on the growth of an economy their should be already good policies and steps that should be implemented already, if this is not yet done I think it can be waste of time waiting for the improvement of a better economy. When their are efforts being made to set economy to get better one have no choice than to have patience and wait for the results because for sure their will be significant effect with time.

Many times we have been deceived to have patience with the economy and no effort and steps have  being taken.

[Reatim]

If someone is patient in doing business, he may not be able to profit in the beginning, but his business will gradually expand. Customers will get an idea about his business. If that person is honest and sincere and continues to do his business with patience, then even if he is not profitable in the short term, he will be successful in the long term. Those who have become established businessmen today did not achieve fame in the beginning, but they were able to achieve their establishment through long efforts and patience.

a businessman should know that he will not get complete return immediately and there should be a time frame he has to check plus business is not constantly stable even the most successful businesses now have gone through some rough patches it is all part of having a business

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

sometimes doing nothing is doing a lot already the truth is that there is no quick money around here despite whatever some people tell you so just better to work hard and trust the process

[Alpha Marine]

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

You can only have patience when you see signs of improvement. The whole country cant be going to shit and you expect people to be patient and be trusting of the leaders. I don't believe in the talk that it gets worse before it gets better when it comes to this context.
Policies that would be favorable to the people of the of country in the future shouldn't hurt them at the present. If it were, then it should be done gradually.
For example, if a country imports a product too much and the leaders want to stop that, they have to first make sure the country produce a lot of that product before they can close the border on the import of that particular product.

[icebar]

Patience they say is a virtue, hence your doing the right thing and you keep on keeping on, then you will certainly grow, however their is a caveat to this, being patient while waiting for an investment to grow doesn't mean you shouldn't hesitate to try something new if the opportunity comes, you shouldn't remain patient on one thing while allowing other opportunities to pass you by.  

Don't look at a successful business like Tesla, Netflix, Amazon and believe you will just start up something and be patient about it, a lot of under ground rigorous hard work and brilliance was put into it, experts where consulted and lots of feasibility studies where carried out too. So my point is you can start up a business at the cradle but make sure you put intense hard work and marketing skill to persuade investors to see the need as to why they should invest their money into your idea, so patience is good but it's not enough.

Your words are certainly logical. If we do not take risks and choose the right investment platform, then we will never be able to profit from the investment. In the field of cryptocurrency investment, there are many who have tried to invest in altcoins instead of investing in Bitcoin. Some of them have chosen such investment platforms to get more profit in a short time, where there is no profit even if they hold risks for their entire life. Moreover, it is not logical to assume that we will be able to be established in the way that big companies have been established. But if we look at the matter from a natural perspective, then there is a high probability of getting good results if we assume risks. If you do real estate business or invest in Bitcoin, if you cannot hold risks there, then you should never expect success. In the case of Bitcoin, there are some who prioritize long-term investments because the only ones who can hold onto their coins for the long term are the ones who will be able to profit the most from Bitcoin.

[Renampun]

...

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

patience and perseverance are the keys to success of many rich people on this earth, since long ago I have never heard a story where an impatient person became rich lol. being patient but doing the right thing is very rare for people to do. Elon Musk himself has experienced ups and downs in his business since 1995 and now he has felt the fruits of the patience that he has continued to cultivate since then.

A patient person will definitely not find it easy to make decisions, everything he does is full of mature consideration and is able to control his emotions because many people cannot withstand the pressure in the middle of the road because they are unable to control their emotions, patience has a thousand benefits and is also the path to success.

[ChocolateBitcoinK]

If you don't have patience to start a business from the beginning, it will never be easy to establish that business. It will be difficult to find successful businessmen who did not put in the effort and patience to build their business in the beginning. I have not been able to own or start a business. But I am enthusiastic about investing. I initially put my investment in bitcoin but I had no patience. Now realize that if I hold the coin with patience, I could have benefited several times more today. Those who have lost because they did not have a patience, They will be able to gain a very good lesson of the necessity of this quality.

[Zlantann]

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

"Rome was not built in a day", hence it is important to be patient. Economic policies don't bear fruit overnight, so citizens of a country would have to wait for these policies and programs to begin to have an impact on the economy.  Some economic programs have a life span of a decade and above, so citizens have to patiently wait.

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

I went to visit my former colleagues today and two of them told me pathetic stories. They both lost thousands of dollars in investing in several Ponzi schemes. From their stories, I was able to dictate that impatience was behind their woes. It is impatient that will make people invest in such a scheme. They will not invest in Bitcoin if you have told them that they will have to wait for at least four years.

[Dunamisx]

Patience is needed for us to be able to cook a stone into flesh, don't mind me its just an adage of the wise ones, for us to make it in life, we need to have patience, this could mean a lot to us and also be applicable on different aspects, we need to have patience just for us to be on the right position of achieving on something qualitative and tangible for us, this males us to learn more on not giving up, having patience positions us to the right opportunity awaiting us, than when we couldn't wait till that same time arrives.

[mindrust]

Patience comes from wisdom.

I noticed many people who want to get rich quick lack wisdom and experience. Even if they get lucky and hit the jackpot, they all spend their winning on stupid shit and they get back to where they were before and become poor again.

Experienced people are aware of this and that’s why they make an extensive research before they spend their money on anything. And because of that they rarely lose money. Some of those people have been hodling btc for more than a decade. Because they exactly know what they are hodling.

[JunaidAzizi]

In my view, patience is the key to success. It's a thing that, without it, you can't run something smoothly. Businesses face some losses and sometimes profits, sometimes it can face disasters and many other things. But if the owner and staff embrace patience, they will easily overcome that situation without any loss. Many big economies have the same rules and things that you mentioned in your post, without their patience, they would not stand even a single day. So it's a proven fact, be patient, your situation will recover with time, but if you rush into it, then maybe the situation will become worse.

[uneng]

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

Dedication, organization, planning, hard work, perseverance, creativity, and many more... There are several characteristics to mention regards successful individuals and countries. Fact is that their success didn't happen overnight. It was a process built within time, where tgere were failures as well, until they finally managed to make things work on their favour.

Patience plays a important role on that process, though. It's a key trait which is directly related to every other ones I mentioned above. If you don't have patience, you don't have any of the other characteristics.

Those who try avoiding the path of patience, end falling in scam schemes and liars' nets. Not coincidentally, these are common situations in undeveloped countries.

[Fortify]

Patience, along with other qualities, plays an important role in the economic development of a country as well as at the individual level. Because we know that general economic development is not possible to be done quickly. To develop here, a person must definitely pass a major challenge of being patient. People who have this quality do much better than others at any level of personal or business area.

If someone is patient in doing business, he may not be able to profit in the beginning, but his business will gradually expand. Customers will get an idea about his business. If that person is honest and sincere and continues to do his business with patience, then even if he is not profitable in the short term, he will be successful in the long term. Those who have become established businessmen today did not achieve fame in the beginning, but they were able to achieve their establishment through long efforts and patience.

The situation was very challenging in the beginning of big companies. ‍Such as SpaceX, Apple, Tesla, Amazon, Netflix

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

It's worth remembering that we are seeing the ones that made it, plenty of companies tried to do what Amazon did and spent vast amounts of money but fell by the wayside. Countries are actually much more fragile than companies in many respects, we see that it takes many decades or even centuries to create the institutions that are the bedrock for advanced societies - the judicial system, the education system, the banking system, etc. are all heavily intertwined in how successful a country can become. However when people let their guard down, a manipulative politician can wreak a lot of havoc in a fairly short amount of time and it can undermine the trust in that country for a long time to come, making it poorer as well because the currency will often drop with it.

[Kristiyana]

Patience, along with other qualities, plays an important role in the economic development of a country as well as at the individual level. Because we know that general economic development is not possible to be done quickly. To develop here, a person must definitely pass a major challenge of being patient. People who have this quality do much better than others at any level of personal or business area.

If someone is patient in doing business, he may not be able to profit in the beginning, but his business will gradually expand. Customers will get an idea about his business. If that person is honest and sincere and continues to do his business with patience, then even if he is not profitable in the short term, he will be successful in the long term. Those who have become established businessmen today did not achieve fame in the beginning, but they were able to achieve their establishment through long efforts and patience.

The situation was very challenging in the beginning of big companies. ‍Such as SpaceX, Apple, Tesla, Amazon, Netflix

and many the owners of these companies have become the owners of established businesses today by working hard and being patient.

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

For those who are investors, patience is also needed in maintaining investment. If an investor wants to get good results in cryptocurrency, real estate or any other platforms, he must be patient. There are some investors who expect quick profits but in the end those investors are the ones who suffer the most.

I think patience is an important quality in a person along with other qualities. I would like to know your better opinion on this. What other qualities will enable an individual and a country to prosper economically the fastest?

Of course patient is very compulsory in the aspect of building an economic, you know this process is just similar with that of investment because it takes a lot of time and patient before you can be able to profit from it, just the same with when the government is trying to build the economy of course it takes a couple of years sometimes months that's depending on the person that is been appointed as the leader that's before they can finally build it to it's normal standard, I mean in such a way that no one is going to complain about it.

[coupable]

Regarding the economic development of countries, the concept of patience may be a bit vague because there is no guarantee of success in a common matter, nor is there anything that guarantees everyone's commitment to patience in order to achieve economic revival.
I m from a developing country that gained independence from colonialism more than 70 years ago. Since then, every ruler has asked the people to be patient in order to achieve progress, and no project has succeeded, and the people remain in a natural state of patience. This is the same situation in most developing countries, and now developed countries have joined them.
At the same time, when I see examples of rapid economic growth, such as Korea, which emerged from a completely destructive civil war to quickly recover economically, or Germany, which was unified only 30 years ago, and quickly became an economic superpower, there are many other examples. Our problem is that the leaders of our countries do not understand how much patience we are supposed to have to ensure a sustainable economic growth.

[Accardo]

Patience has nothing with business, it never stops. Coca-cola is 138 years old, Facebook 20 years, when would the wait end? Perhaps no instant earning, but failed brands did make money, yet dropped dead in the water. Good things don't come to those who wait. Building an economy demands extraordinary work and effort. Waiting to earn alone isn't the right approach to it, the process is continuous.

If patience means ' when what you wait for arrives, stop waiting!' Amazon would have closed down after hitting tens of billions of dollars. Entrepreneurs make the mistakes of waiting for the right time, right decision, and right office instead of taking actions.

An article on business insider with the topic Patience kills  stretches on why you shouldn't approach business with 'patience'.

[RealNoblee]

Patience has nothing with business, it never stops. Coca-cola is 138 years old, Facebook 20 years, when would the wait end? Perhaps no instant earning, but failed brands did make money, yet dropped dead in the water. Good things don't come to those who wait. Building an economy demands extraordinary work and effort. Waiting to earn alone isn't the right approach to it, the process is continuous.

If patience means ' when what you wait for arrives, stop waiting!' Amazon would have closed down after hitting tens of billions of dollars. Entrepreneurs make the mistakes of waiting for the right time, right decision, and right office instead of taking actions.

An article on business insider with the topic Patience kills  stretches on why you shouldn't approach business with 'patience'.

Patience is like journeying to a place you are not certain about, but if you didn't give up, the end point is mostly glorious.

Patience inpacts economic growth snd human capacity development when cultivated, especially in educating and training people for new challenges.

Any business individual or government who embrace this silent force called patience will always improve labour productivity and enhance economic growth

[Negotiation]

Economic development never gives short term results the results of investments in business industry or infrastructure projects are often seen after a few years. This is why governments or entrepreneurs need to be patient as they know that the results may not be visible initially but in the long run it will be profitable. When you start seeing small signs of progress it becomes really easy to be patient. For this it is very important to build patience and trust in leaders among the people when leaders are working in the right direction and are committed to the welfare of the people the people also trust them and the entire nation moves towards progress. If leaders make mistakes in communicating with the people or fail to fulfill their promises then it becomes easy to lose trust.

[kotajikikox]

Patience is also needed in the development of a country. Because a country can never improve in the short term obviously It takes a long time. Especially countries need time and patience to develop from infrastructure development to education system and other aspects.

You can only have patience when you see signs of improvement. The whole country cant be going to shit and you expect people to be patient and be trusting of the leaders. I don't believe in the talk that it gets worse before it gets better when it comes to this context.

This can really be true when it comes to a country's economic progress. But individual progress, I believe sometimes you would not be able to see immediate results but it does not mean it is going nowhere. Slow process but sustainable one is a lot better than quick and short lived results.

Policies that would be favorable to the people of the of country in the future shouldn't hurt them at the present.

That is true. The challenge with leading a country is you have to remember that there are people out there that are living their lives right now and would not be able to afford to have a few bad weeks or months or years because they will go hungry and in fact they are hungry now. They can't and shouldn't stay hungry for long.