#1 economy problem

[sana54210]

In all noteworthy governments a rich people / ruling class gets to buy best products. It doesn't matter if you live in social democratic, republic nation or in authoritarian regime / communist society where the wealth and power is centered to small group of people.

And we have been already fighting for the resources since the start, it's just not make sense for individuals to fight for them anymore, as it would just destroy countries from inside. Together we are stronger, so it's the countries that fight over them.

To be fair, that is true for car manufacturing and phone manufacturing in most cases. Whatever requires a chip basically, like GPU's for example. Because if you need to buy chips, you are going the giants like Nvidia and car companies and all of that, instead, you have to build your own, which costs 20+ billion dollars, and takes many years of R&D which you may never catch up.

So why deal with that business, when you can just get it from other nations for cheap, put low tariffs on those special items, and get it for cheap. Hell, some people around the world (forgot the nation, was it Thailand?) can get iphones cheaper than Americans. Because chips are near, factories are near, so it's cheaper that way instead of traveling all through many oceans.

[coupable]

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing. The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?

By saying this, you ignore the new world order based on globalization. Nations in different areas of the earth can't satisfy all its needs alone. Each country needs resources from other parts of the world which force them to cooperate all together to realize Sustainability. In the other hand, nations who has no problem producing unlimited supply in any product would't benefit from it without exporting it to other nations whom in turn will exchange with other resources. Yes the scarcity is a problem but not without a solution.

[WillyAp]

To be fair, that is true for car manufacturing and phone manufacturing in most cases. Whatever requires a chip basically, like GPU's for example. Because if you need to buy chips, you are going the giants like Nvidia and car companies and all of that, instead, you have to build your own, which costs 20+ billion dollars, and takes many years of R&D which you may never catch up.

Are you aware that most bigger Car companies use SIM Cards in their cars?
More and more there are special services purchased additionally over bookable subscriptions for more CV, faster engine settings and such. 

[o48o]

To be fair, that is true for car manufacturing and phone manufacturing in most cases. Whatever requires a chip basically, like GPU's for example. Because if you need to buy chips, you are going the giants like Nvidia and car companies and all of that, instead, you have to build your own, which costs 20+ billion dollars, and takes many years of R&D which you may never catch up.

So why deal with that business, when you can just get it from other nations for cheap, put low tariffs on those special items, and get it for cheap. Hell, some people around the world (forgot the nation, was it Thailand?) can get iphones cheaper than Americans. Because chips are near, factories are near, so it's cheaper that way instead of traveling all through many oceans.

I am unsure that what was that counterargument to, or if it's even counter argument as i wasn't talking about tariffs.

Because it still doesn't rule out the fact that rich people inside those economies get to buy better products, just like in your country. It doesn't matter if they get them cheaper in overall comparison to you. It's still very unlikely that poorest people would buy state of the art top-notch technology, when they can better afford cheaper models (if they can afford even those).

[red4slash]

In my country, what causes economy problems is the rise of petroleum, fuel and other gaseous substance, once the price of these chemicals go up, then the economy is in doom where it's hard to solve the problems, everything rises in price even a product that doesn't use fuel to function.

The amazing part is that, the government officials never care much about this but always come up with fail projects to lift this matter.

It seems that this situation occurs in almost all countries, but not all countries or officials are indifferent to policies or current events. Some large countries that are serious about their development always do their best, but this is not the case in developing and underdeveloped countries where corruption is still rampant and some officials and politicians sometimes act solely for their own personal gain. Ultimately, this situation like this clearly become different.

The issue of price increases, especially for fuel, as well as several economic problems caused by food exports will clearly have an impact, but what distinguishes this issue is the role of the government because it can have a significant impact in the end .

[Botnake]

If we don’t have enough resources, poverty will continue to arise, which will put these poor people having the least advantage. Corruption happening in the government is also one of the biggest reasons why the economy continue to fail. They don’t spend the money on cultivating those resources, but they fill in their pockets instead for their own greed for wealth. Unfortunately, this is happening all over the world, and until now this hasn’t been given solution because the government officials wouldn’t allow it too for personal reasons.

[SATWAT]

If we don’t have enough resources, poverty will continue to arise, which will put these poor people having the least advantage. Corruption happening in the government is also one of the biggest reasons why the economy continue to fail. They don’t spend the money on cultivating those resources, but they fill in their pockets instead for their own greed for wealth. Unfortunately, this is happening all over the world, and until now this hasn’t been given solution because the government officials wouldn’t allow it too for personal reasons.

World is always full of opportunities and sources, but sadly things have never been in balance due to personal ego and many other factors that are always present corruption it's nothing new, but the fight for control can also be hurtful and create conflicts.
If a country lacks sufficient sources it needs to work on creating them because if they fail they will face problems that can threaten their freedom many examples of countries have done development and now enjoy some success, but many issues remain unaddressed due to domestic problems.

A country wants to live with authority they must always work hard and achieve their goals because they love their freedom and respect for it.

[punk.zink]

World is always full of opportunities and sources, but sadly things have never been in balance due to personal ego and many other factors that are always present corruption it's nothing new, but the fight for control can also be hurtful and create conflicts.
If a country lacks sufficient sources it needs to work on creating them because if they fail they will face problems that can threaten their freedom many examples of countries have done development and now enjoy some success, but many issues remain unaddressed due to domestic problems.

A country wants to live with authority they must always work hard and achieve their goals because they love their freedom and respect for it.

The most fundamental factors recurring in many countries are extractive institutions: weak state capacity, selective laws, and oligarchies born of a history of exploitation (colonialism, slavery, war, land grabbing), which are then maintained by socio-economic inequality. Although economic problems arise from many interconnected factors and create a perpetual cycle of poverty, I believe there is a priority order that must be considered to untangle the knot of economic problems:

1. Guaranteeing basic security/minimizing criminal violence. This allows social and economic activities to proceed.
2. Legal certainty, a capable state, and pro-public regulations.
3. Special attention to nutrition and public health so that the economic impact is quickly felt, especially by future generations.
4. STEM-based basic education, ensuring students truly learn, not just attend school.

These four main pillars shift incentives, establish productive work norms, and pave the way for economic diversification. After that, downstreaming and new technologies are truly effective.

[Synchronice]

Ever thought about what is the #1 problem all countries face? I searched and multiple sources said that an economy's number one problem is scarcity. There is an unlimited demand from humans but there are only limited resources. It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

With limited resources, the government has to decide on the most profitable product to make. They have to find a way where they minimize the costs but maximize the profit. But then they have to ask themselves who should benefit from the end product? Some government decide based on wealth. If you are rich, you get the best products or services. Some governments distribute it equally or based on needs but this usually happens in totalitarian authorities. Some governments mix it up and give some to those in need but also to those who pay taxes the highest.

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing. The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?

Number one economy problem is that fact that those in the government try to keep the level of the education of their citizens very low, which in turns results in dumb people and dumb people are always a majority, they also always make wrong decisions and sadly, they decide the fate of the rest. Also, the system is designed in a way that it keeps you a slave. Rich people are getting richer, poor people are getting poorer and they also have to work more for less pay. Resources are not really the problem, the problem is that a few people have billions of dollars while they'll never use 90% of that in their life. If people were honest, then world would be a heaven.

[Emjay24]

Ever thought about what is the #1 problem all countries face? I searched and multiple sources said that an economy's number one problem is scarcity. There is an unlimited demand from humans but there are only limited resources. It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

Governments doesn't really need to answer these questions since there are entrepreneurs who would sharply identify the needs of people around and turn it into a business activity.

This is why the private sector is very important to coexist with the government so they can provide supplies of direct consumers need and make a living from satisfying clients and revenue for the government.

On the other hand the government is needed to regulate their activities so their actions are properly guided in the interest of the public they serve.