What is the role of patience in economic development

[alastantiger]

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 have to agree as patience is an important part of becoming victorious as an individual or a country, without having patience, you can't wait on the work that you have put in to bring out good outcome for you. You can't get overnight success and think that it'll last longer for you but when you have waited for sometime, all the success you'll be getting will last longer too because you'll be having the experience to make the right decision to continue to be progressing instead of being an amateur that isn't used to the amount of wealth that you get overnight.

A country needs many years of continuous good governance and investment that'll yield a good future for the people of the country. A country can't just turn from being bad to good overnight, there has to be sacrifices that have to be made and during those time, things mightn't look like it'll be better but with continuous determination, the future will be brighter.

[sunsilk]

I think patience is an important quality in a person along with other qualities.

Not only in economic development but also in personal development. Look at most of us here in the forum, we're Bitcoin investors and without patience, I don't think that we'll enjoy the fruits of waiting.

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?

Being adaptable. I think it's why many are aware of the changes in the modern world.

Awareness and adaptability makes someone involve and develop more of their skills and raises their curiosity on how to keep up with the modern changes too.

[landheer]

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.

Of course trust is very prioritized in building a difficult condition, especially about the assessment by the people, it is necessary to plan appropriate planning and here the trust will be obtained if the leader is patient in improving the economic conditions that occur, although it is difficult in improving it slowly but its patience is certainly very necessary and that is the key to success in building the economy that occurs.

[moneystery]

patience is important because with patience a person can avoid rash decisions and allow them to get optimal results from their efforts. many people are in a hurry to get money or want to improve their careers, but what happens is they fall when they do that because they do not give enough time for the natural process of growth and learning.

patience is the key needed by a person to achieve the maximum in their efforts. with patience they can build a strong foundation from the start and they can be wiser in responding to many things and finally they can achieve better results that they have always hoped for.

[tygeade]

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.

If the nation was going to shit, but you believed in the president and the politicians, then there is a chance you could be doing fine. However, in most cases we just don't believe in the presidents or politicians, no matter who they are.

Because in my age, I have seen plenty of presidents, from multiple nations, from multiple different political ideologies, and I have never seen one that I believe has my best in their heart. I am not even talking about just one nation, I have seen about 50 different presidents from all over the world, and I can tell you that none of them cared for the people, they only cared to keep their power and because of this, if the nation is going worse, I distrust them even more.

[Miles2006]

The clear fact concerning patience also involve other features which op did mentioned for example, skill, knowledge, a good management plan. All this is needed for a better business growth meanwhile a country economy is not just about patience, with past record most country suffer from poor economy growth and it keeps getting bad daily honestly at this point a creative mindset should be involved in order to help the masses. Just patience can’t help a situation including investing, investing needs a patience mindset meanwhile if fail to invest proper without a cash flow definitely the investment will lack meaning, patience is good but, don’t mistake both when it comes to productive working.

[eightdots]

The clear fact concerning patience also involve other features which op did mentioned for example, skill, knowledge, a good management plan. All this is needed for a better business growth meanwhile a country economy is not just about patience, with past record most country suffer from poor economy growth and it keeps getting bad daily honestly at this point a creative mindset should be involved in order to help the masses. Just patience can’t help a situation including investing, investing needs a patience mindset meanwhile if fail to invest proper without a cash flow definitely the investment will lack meaning, patience is good but, don’t mistake both when it comes to productive working.

Patience alone is not enough in economic terms. Economic development can be achieved better with good planning, information and management of processes. All these processes require a planned progress. Patience is necessary for all these works to be done and progress, but more importantly, a correct plan.

Factors such as making investments appropriately and being able to act according to the market conditions are factors that directly affect the economy. Doing these well will also bring economic development.

[lizarder]

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.

Patience without a plan also means nothing in building a country because what is needed is how a leader has a plan to build his country to be more advanced. Every leader is given five years and if they are unable to make profitable policies then patience is meaningless because in the next election they will not necessarily win the election again. Leaders who have a plan to compile priority programs are those who have a background as successful and capable people.

For individual people it may be true that patience is a quality in building an independent economy because it is impossible for them to achieve success in the near future without good planning. In addition, maturity is needed in carrying out something to achieve personal success in finance because it is not easy to do without a strategy.

[Alpha Marine]

Because in my age, I have seen plenty of presidents, from multiple nations, from multiple different political ideologies, and I have never seen one that I believe has my best in their heart. I am not even talking about just one nation, I have seen about 50 different presidents from all over the world, and I can tell you that none of them cared for the people, they only cared to keep their power and because of this, if the nation is going worse, I distrust them even more.

I don't believe this. I don't believe that every world leader doesn't care about their people but just wants to remain in power. In my own country, I've never seen a president who actually cares about the people, but there are world leaders who truly care about it people.

I'm not naive, I know that most of them are just power driven but I've seen some in my years that to me actually care. I can't trust a politician of course, but I don't believe that every single one of them all over the world is the same thing. If every leader didn't care about the people and the country then the countries wouldn't get better over the years, and we can all agree that there are countries that are getting better.

[Dark.Look]

Patience is the key. In fact, if you have enough patience, you can reach your goal and otherwise, you will lose it because of taking more risks instead of having enough patience. Many great companies were not bug like they are right now, nad they just started with nothing while patience was the key, and they were waiting for the golden money after they were sure they were on the good path to reach the goal they want.
 

[justinlamode]

Every good thing in life requires patience. Nothing happen by magic and sometimes the end of any busines or policy is not know from the beginning but will require patience to be actualized. Even countries that moved from nothing to become a big economy today, they exhibited some level of patience because they know that economic transformation is a process. This is why it is pertinent to find something worthwhile and invest your time and resource than add patience to it and see how successful you will become.

[Abu-Naim]

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.

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?

In any successful business, patience do play important role in developing the business because before you can run a successful as a CEO, you need to be very patient because new businesses comes with iOS and down, and some people do give up immediately because they came with huge expectations of making quick profane because of the money they invested in the business, and if they lose patience, they will end up regretting their actions of quitting early.

Big companies like Tesla, X, Facebook, Microsoft, and others all started small, and today, they are big, if the companies were not patient, they will give up and business will be no more.
Likewise, even in developing a good country’s economy, good strategies are needed and patience for the strategies to yield a good result.

[JiiBs]

patience is important because with patience a person can avoid rash decisions and allow them to get optimal results from their efforts. many people are in a hurry to get money or want to improve their careers, but what happens is they fall when they do that because they do not give enough time for the natural process of growth and learning.

patience is the key needed by a person to achieve the maximum in their efforts. with patience they can build a strong foundation from the start and they can be wiser in responding to many things and finally they can achieve better results that they have always hoped for.

Going through life, you get to understand that lasting changes always takes time to happen. This is a time only endurance which could in some terms mean patience could aid you in achieving. It creates the background for developments and eliminates mistakes on the way as it builds. Patience is very important in building lasting solutions as it gives you the opportunity to correct some steps along the way rather than watch it all fall to the ground when you felt it’s all done.

[SuperBitMan]

patience is important because with patience a person can avoid rash decisions and allow them to get optimal results from their efforts. many people are in a hurry to get money or want to improve their careers, but what happens is they fall when they do that because they do not give enough time for the natural process of growth and learning.

patience is the key needed by a person to achieve the maximum in their efforts. with patience they can build a strong foundation from the start and they can be wiser in responding to many things and finally they can achieve better results that they have always hoped for.

Going through life, you get to understand that lasting changes always takes time to happen. This is a time only endurance which could in some terms mean patience could aid you in achieving. It creates the background for developments and eliminates mistakes on the way as it builds. Patience is very important in building lasting solutions as it gives you the opportunity to correct some steps along the way rather than watch it all fall to the ground when you felt it’s all done.

Yeah patience is very important when it comes to achieving success for example if you are investing in Bitcoin you need to have patience if you are not patient you can never succeed in Bitcoin investment there where people who started investing in Bitcoin since Bitcoin was just $1k and they sold off there Bitcoin when it got to $2k or $3k because they where not patient enough but those who where patient till date are the people that has made huge success from Bitcoin investment, if you are not patient in life you will always live a life of regret just like those who where not patient enough with holding onto there Bitcoin, not only on Bitcoin investment but other aspect of life if you are married you need to be patient with your partner if you really want to marriage to last forever patience they say is virtue, some set of people find it very hard to stay patient which is not a good thing some people who are trading bitcoin lack patience that was why they decided to join trading and trading is very risky and has caused a lot of people to lose so much money.

[Hydrogen]

Patience implies everyone having their own characteristics and capabilities making them equipped to fill specific roles.

A person equipped to excel at marketing, might not do well as a trader. The opposite is also true. Right brain versus left brain. Those good at programming are usually not good at artistic apps like photoshop. The opposite is also true.

Patience implies people taking time to honestly assess their traits and tendencies to accurately determine what their role should be.

Success requires a degree of patience leading to deeper self examination and self awareness. To identify the proper path to pursue.

[EluguHcman]

Repeatedly they says patient is virtue to achieve a goal and that is why if you must be a profitable investor specifically Bitcoin, you would have to exercise patient and keen in anticipating a breakthrough somewhere maybe untold in the future.

Impatient can be disasterous to the point of loosing all success on targets, it could disabilize all units being sighted and coordinated to bring fortune.

There is no just choice than being patient if we must be successful. You only need to set your goals and wait for it result returns and if you are too eager of quick success, you might only be luck to get a cheap one while long time success on well tracks could yield bigger Incomes in accumulation.

Economy developments requires systematic structures which the ideology and efforts to get it done does not come suddenly but requires process which can only be obtainable on a diligence order requiring time regulations before processing it results.

[Roseline492]

Yeah patience is very important when it comes to achieving success for example if you are investing in Bitcoin you need to have patience if you are not patient you can never succeed in Bitcoin investment there where people who started investing in Bitcoin since Bitcoin was just $1k and they sold off there Bitcoin when it got to $2k or $3k because they where not patient enough but those who where patient till date are the people that has made huge success from Bitcoin investment,

That's also a way of explaining how important patients is, actually it covered a wide range in our lives because we no that in live not all the things that would come immediately as we expect them so is the patient that gives the strength to see that it come to us. Let me also extend it a little bit to our respective working places because sometimes base on the money you are being paid is not enough and that you wish to quit since there is no increase but by the time you continue to be patient you will be able to witness the increase or more, so like you said anybody that is impatient cannot be an investor of Bitcoin.

[Republikcoin.com]

Patience is the key. In fact, if you have enough patience, you can reach your goal and otherwise, you will lose it because of taking more risks instead of having enough patience. Many great companies were not bug like they are right now, nad they just started with nothing while patience was the key, and they were waiting for the golden money after they were sure they were on the good path to reach the goal they want.

In addition to being patient in doing something diligently on the beliefs that we have gained, knowledge for ourselves and the work we do must also be improved because it would be useless for someone to be more patient while they themselves are still not smart. This means that everyone must have high enough skills and knowledge so that when it is combined with the level of patience that is in themselves, it will be a perfect path for that person to go through. So the key is not only to be patient if someone wants to be successful in a particular field.

[bubilas]

Unfortunately, government ministers and politicians often do not understand that they need to invest in things that cannot bring immediate profit, but a profile that will only be visible decades later.
But, unfortunately, now the top manager really likes information about politics when the result appears after a year, and they do not care what it means that in the future it is unlikely to play any important role for them, the main thing is to show a beautiful picture to the higher management so that they get promoted.

[G_Besar]

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.

And from what you said, it can also provide another understanding where there is indeed nothing instant in this world without having to go through a process through effort and the level of patience needed before seeing the results. Because in doing anything, of course there must be effort and time so that the results can be clearer, especially if the work of building the economy in the government sector really has challenges that must be passed very wisely so that the government does not get a bad assessment in the eyes of its own people.