What is the role of patience in economic development

[Agbe]

I don't agree less with you because in all spheres of life you actually needs patience to achieve what ever plan that you have in mind when it comes to development especially as it concerns a country what is needed the most is patience that is if the leaders of such country is serious about the development of the country, one thing that we need to know is that all the developed countries of the world did not just appear from the sky just like that but they are a product of years of hard work backed up by patience and having the believe in the system that one day such countries will be among the top economies of the world . One country that is worth emulating is the United States Emirates Dubai was just a dessert country but with patience it's where it's today

[Coyster]

If you have a good idea and you are ready to develop this idea, then you have to be patient and keep working on it, i think everyone should know this, you are not just going to launch an idea and take it to number one immediately, more often than not it is a gradual process with consistent work, before you know it, it produces results.

That said, if a country is making tough decisions that is sensible and productive, then in the long run it would yield results for the citizens, that's how things work.

[Nanga Parbat]

Economic development is encased around the walls of growth and patience is ab immune booster that takes the economic sector to another dimensions. Patience is required for a good results, as well as it's been required for a long term profits. Regardless this is a more reason we should always have so much patience in our dealings that requires growth. Aside the fact that it plays a major role in most aspects of life, patience plays a role of decision making, it plays a role of believe and trust and that's why I business, investment and other areas it's required to have a little bit of patience.

If someone is impatient then there are more chances he will not be successful in life. There are thousands of people who have qualities but they have no patience and they always take decisions quickly and that is the reason, they are losing everything and thet are not successful in life . We always see cricket matches and especially test cricket is good format because we can see the patience of people. We can read the patience of Hazrat Muhammad (PBUH) who had great patience in life .I family life , you have to bear many things because life spending with  wife is not an easy and people have to learn more  if they want to be successful in their lives. Family life you have to bear many things because life spending with  wife is not an easy and people have to learn more  if they want to be successful in their lives.

[Nothingtodo]

If you have a good idea and you are ready to develop this idea, then you have to be patient and keep working on it, i think everyone should know this, you are not just going to launch an idea and take it to number one immediately, more often than not it is a gradual process with consistent work, before you know it, it produces results.

That said, if a country is making tough decisions that is sensible and productive, then in the long run it would yield results for the citizens, that's how things work.

Patience is a great virtue. Just as patience is very important in a person's life, patience is also very important for a businessman. A businessman cannot suddenly become successful after making a plan, but rather, he can reach the pinnacle of success by being patient. Many adversities have to be overcome to establish a business, so a businessman should not lose patience in adverse circumstances. For the economic prosperity of such a country, the government and the people of the country must be patient. The government faces many adverse situations in running the country, and success is only possible if we can face each adverse situation with patience.

[Botnake]

I don't agree less with you because in all spheres of life you actually needs patience to achieve what ever plan that you have in mind when it comes to development especially as it concerns a country what is needed the most is patience that is if the leaders of such country is serious about the development of the country, one thing that we need to know is that all the developed countries of the world did not just appear from the sky just like that but they are a product of years of hard work backed up by patience and having the believe in the system that one day such countries will be among the top economies of the world . One country that is worth emulating is the United States Emirates Dubai was just a dessert country but with patience it's where it's today

Patience is a virtue. If one fails to uphold patience, then he’s not serious on the development that he’s going to take. This also applies when taking developments for a country. It takes serious hardwork and efforts for months and years so that the ultimate goal will be achieved. And without patience to top it all, everything will only be put into waste.

[MarjorieZimmermanGinger]

Patience is a virtue. If one fails to uphold patience, then he’s not serious on the development that he’s going to take. This also applies when taking developments for a country. It takes serious hardwork and efforts for months and years so that the ultimate goal will be achieved. And without patience to top it all, everything will only be put into waste.

Patience does provide an opportunity for someone to achieve success, but patience must be combined with the ability or skill in achieving it. Sometimes people misunderstand patience because they think that by being patient they will achieve success, but if they don't do anything, patience will not help us achieve success.

The pattern of individual patience in achieving success is different from patience in building a country because speaking more broadly is completely different because taking care of many people with yourself is not the same.

[shield132]

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'.

What do you want to say with Coca-cola and Facebook examples? These brands made money but they haven't failed. The OP talks about different patience, it is really necessary in business because success doesn't come overnight, I work a senior UI/UX designer and I often meet stakeholders of different companies. Before I create a design for them, I study their company, their niche and their competitors. Most of my clients don't earn money overnight, they start with big loss and later recover as their service gets established and their marketing attracts new customers. I would say that patience is the key because one of my client, who is also my friend, was deciding to close the business because of a very unprofitable year but I convinced him not to do so and after a few months, he had the first profitable month and this continued.

[bubilas]

If you have a good idea and you are ready to develop this idea, then you have to be patient and keep working on it, i think everyone should know this, you are not just going to launch an idea and take it to number one immediately, more often than not it is a gradual process with consistent work, before you know it, it produces results.

That said, if a country is making tough decisions that is sensible and productive, then in the long run it would yield results for the citizens, that's how things work.

Patience is a great virtue. Just as patience is very important in a person's life, patience is also very important for a businessman. A businessman cannot suddenly become successful after making a plan, but rather, he can reach the pinnacle of success by being patient. Many adversities have to be overcome to establish a business, so a businessman should not lose patience in adverse circumstances. For the economic prosperity of such a country, the government and the people of the country must be patient. The government faces many adverse situations in running the country, and success is only possible if we can face each adverse situation with patience.

Also, rich people who do not have patience can often lose all their hard-earned money or inherited money. And all this can happen in a minute during an unsuccessful deal on the stock exchange or in a casino. You must always be able to reason without emotions and be like a calculator in your calculations. I do not mean that you need to be mercantile, because the soul and kindness are the most important things in life, but at the same time you must be able to patiently accumulate sources of money around you and find new ways to earn money.