Who is responsible for a fallen economy?

[Jubilee58]

When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival.
So what can you say concerning this fallen economy, is it caused by the citizens or the government?

[Charles-Tim]

I think I have seen a post like this recently.

So what can you say concerning this fallen economy, is it caused by the citizens or the government?

If you are referring to Nigeria, right now I can say that the economy is not falling. When it was falling and things were not going as planned, I am one of the Nigerians on this forum that was posting about it on this local board. But right now, the economy is not falling. If the government gets it right, I think we would see economy growth or development.

[Donk1]

 Bro our Nigerian economy has not fallen When you say something has fallen it means Nigeria has turned to a nation of war and chaos. The thing is this for years now we have relied on the government solely thinking that they would change our economy, but as time goes on we the citizens are beginning to figure out that the government isn't reliable .The era Nigeria is in is a time to work hard to survive, but there is still no work.
It's certain that the government has the responsibility to create a sustainable economy in Nigeria but there is too much corruption. It is our role as citizens to also contribute when it comes to farm products and any other thing that will help us grow individually, but still some people are drawn to desperation and it has led some to participate in criminal acts like scams and many more. For me There is still hope for Nigeria, and when there is hope there is life. We are still alive so I don't see a reason why we should just conclude that the economy has fallen.

[Doan9269]

So what can you say concerning this fallen economy, is it caused by the citizens or the government?

Who are in charge of the economy running's and it decision making, aren't the government? yet they have continuously failed us in their attempts towards having a suitable economy running for the benefits of the people and the continuous development of the country, they have failed in many ways to allow for equal opportunities, economy development and strategic planning to aid the productivities of the country and grow in commercial activities.

They are busy running after their own pocket instead of the national interest, which is not what they are called for, while as individuals, we should learn  not to rely on government and be independent on our own being sustainable enough in running our personal economy by what we do and earn from it, without waiting on the government.

[Gozie51]

I guess you mean when an economy is not progressing but rather retrogressing or you mean also recession but whichever way it is view, so long it concerns the economy, it is in the jurisdiction of the government and not the people. The duty that the people owe to the government is to obey and to obey means to obey all the policies of the government. So it is the few who are at the helm of affairs to lead the people that will be responsible to bear the brunt of their policies. Both incumbent or successive government will take blame or glory.

So regards to Nigerian economy, there are speculation that it is growing from WTO ( World Trade Organization) but whether this is true or not is seen in the physical realities of the standard of living in Nigeria. For me I believe it is political to allude such because we know that if the economy will not be said to have fallen but it is hardly making progress with the high cost of living, attendant effect of high cost of fuel pump price.

[Pearl_20]

It has to do with both the government and citizens but then, the government plays a greater role in shaping the economy and controlling it..

If the government fails to employ youths, mismanages funds and resources, allows bribery and corruption can slow an Economy, and another things if having leaders who are more interested in themselves with poor leadership skills can worsen an Economy too.

Every citizen has what it takes to put a good leader out  there, and once they elect based on their emotions,bribed or vote a leader based on family, ethnicity instead of looking out for competence and someone who possesses the skills that also contribute to a fallen Economy.

Another thing is also a high patronage of foreign products  citizens that keeps patronising foreign industries and their products instead of buying from their local market hinders growth and slows down development.

[Callido]

When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival.
So what can you say concerning this fallen economy, is it caused by the citizens or the government?

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Who else if not the government. The most blame should be the government because we as citizens contribute by paying tax, unfortunate for us we don't see the benefits of paying those taxes.

Government are also in charge of controlling national resource, with billions of dollars in trade every day yet we are still rated among developing countries/under developed.

Being in power is now for personal benefits, until they are done filling their pockets for the whole tenure, nothing else matters.

[Proty]

I believe the blame shouldn't be for one person alone or set of people. I know for sure so many people will want to blame the leaders for bad economy but the leaders are not the only people that do contribute to bad economy situations. There are citizens that do contribute to bad economy such as those that are involved in crime etc. Although the government has major role to play when it comes to country economy since they are the one that is in charge of managing the resources of the country, so mismanagement of funds can also cause bad economy. So I believe every citizen of a country has a role to play in building a better economy.

[Yablee0]

I know citizens we be blaming the government in power and people's in sensitive positions in the society for not doing what is expected of them, yes they are very correct but for how long are we  going to  be waiting for them to do what they would have done long time ago, isn't it obvious that our leaders doesn’t care about us anymore? all they are after is their pocket and  their selfish interests, they don't give a dame about anybody.

Therefore, we all should take the bull by the horn, let's work it out our self, developing our craft, thinking out of the box, perhaps when those in power has noticed their presence is no longer relevant to the masses they would have no choice but do what is expected of them.

[Y3shot]

So what can you say concerning this fallen economy, is it caused by the citizens or the government?

How can the citizens be the cause for bad economy? Are the citizens in control of economy? The government responsible for economy,  if the economy is not improving the goverment are to be blamed because they are incharge of the country's resources,  they are in charge of the country's investment.

The government have the power to improve economy,  they also have the power to destroy the economy , that is why when their are bad leaders controlling the government it normally affects the country so badly. 

The only way the citizens can be responsible for falling economy,  is when the citizens choose t support a bad leader thst is incompetent to build the economy,  then at this point the citizens are also to be blamed too.

[Jostern]

I think if we’re talking about the fallen economy of Nigeria there are so many factors that we can actually consider in this situation, Most especially the Government are the once responsible for growing economy, that is why we have ministries that are responsible for helping an economy of a country to grow, just like we have said, mostly in the world right now we would observe that inflation is mostly everywhere in the world and not just only Nigeria, A country’s president should be the one implementing some policies, and also working with his teams to grow the Economy, we might literally not be possible to know that we as a citizens own ourselves that much responsibility to also help grow the economy, by trying to start and venture into some businesses that we can also employ some people and try creating some job opportunities that is if we have a capital intensive opportunity which can also very much help the economy to grow, but in a country where there is no job opportunity and unemployment is high then there is every tendency that we would definitely have a bad economy, where the number of working class citizens are much more than the number of unemployed citizens, then that would be a failed country.

[Bigjoe33]

It has to do with both the government and citizens but then, the government plays a greater role in shaping the economy and controlling it..

If the government fails to employ youths, mismanages funds and resources, allows bribery and corruption can slow an Economy, and another things if having leaders who are more interested in themselves with poor leadership skills can worsen an Economy too.

Every citizen has what it takes to put a good leader out  there, and once they elect based on their emotions,bribed or vote a leader based on family, ethnicity instead of looking out for competence and someone who possesses the skills that also contribute to a fallen Economy.

Another thing is also a high patronage of foreign products  citizens that keeps patronising foreign industries and their products instead of buying from their local market hinders growth and slows down development.

just like you said, they both have roles and the government plays much more bigger role. If am to grade it in percentage, I would say the government has 70 while the citizens has 30. This is because the government has to set a pace for citizens to follow. If citizens must work, then the government has to create work. If they must be creative, the government has to create an enabling grounf that will support and allow creative minds to establish. If they also has to be law abiding citizens, the government also has to first make laws and ensure they laws are been carried out and offendees punished accordingly.

A corrupt system breeads a corrupt society and practice which involves citizens. Take for instance a country like ours, Nigeria, so many technicians, skills and knowledge to execute, but some of these youths do not have accessibility or enabling ground to excel. This makes them run to countries where there is an already existing enabling environment and establish there. In all, I strongly believe that the government to a large extent is responsible for a fallen economy. If the government sets everything running, it will promote a workable environment for citizens and will help to grow the economy and vice versa.

[iBaba]

I believe the blame shouldn't be for one person alone or set of people. I know for sure so many people will want to blame the leaders for bad economy but the leaders are not the only people that do contribute to bad economy situations. There are citizens that do contribute to bad economy such as those that are involved in crime etc. Although the government has major role to play when it comes to country economy since they are the one that is in charge of managing the resources of the country, so mismanagement of funds can also cause bad economy. So I believe every citizen of a country has a role to play in building a better economy.

The majority of the blame has to fall on the government because they control the economy. Both me and you are just citizens who live by their own means. We don't even understand how finances are run in the country, what funds are truly allocated for said projects and if truly.such funds are expended in the right direction. In the US and other developed countries performance of government officials are calculated on the basis of KPIs here there's nothing like that. Your performance or eligibility to remain within the coffers of the government lies heavily in your connection within the system. So you find situations where people pay more attention to connections instead of results and accountability

[cocadalcan]

When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival.
So what can you say concerning this fallen economy, is it caused by the citizens or the government?

The reason behind the collapse of a country's economy is corruption and lack of proper management of the state. Also, due to the lack of proper implementation of the potential income sectors of the country it lags far behind in terms of foreign tourists and foreign loans, as a result of which the country's economy tends to decline instead of rising. If the country's education system cannot produce good quality skilled manpower then the educated and skilled people of that country leave the country resulting in a shortage of educated and skilled people in that country.

The main responsibility behind the collapse of a country's economy lies with the government of that country because they cannot properly evaluate educated and skilled people. As a result those people go abroad instead of cooperating with the government.

[Bright0515]

When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival.
So what can you say concerning this fallen economy, is it caused by the citizens or the government?

Normally me and you know say na the government policy and the civilians na be the cause of bad economy abi nah fallen economy I go call am.
If government set tough policy for the country the only thing e go cause na broken economy and me and you also know say na only those people way dey profit from bad economy na go see am as better thing but people way e no dey favor na go see am as bad policy.
One way when the citizens take dey add to the fallen economy be be say them no dey invest for their country, them prefer to invest outside their countries, the government get their duties to play meanwhile the citizens also get their own roles to play for the country.

[Hewlet]

So what can you say concerning this fallen economy, is it caused by the citizens or the government?

If you are referring to Nigeria, right now I can say that the economy is not falling. When it was falling and things were not going as planned, I am one of the Nigerians on this forum that was posting about it on this local board. But right now, the economy is not falling. If the government gets it right, I think we would see economy growth or development.

I am actually interested in what you have seen that suggest that the economy is not falling. so far, i can not even point at one real effort the government is taken that has made the situation of the country better, except i am not paying proper attention to core details. If you ask the average man what his life has been from last five years to the present day economic situation, the narrative they held five has back is almost same with what they hold now and likely worse than what they hold now.

The singular fact that the average person does not have an idea on what the government is doing to revamp the economy makes it really hard to assume that the economy of today is better than what it was like some couples of years back.
 

[CryptoHeadlineNews]

When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival.
So what can you say concerning this fallen economy, is it caused by the citizens or the government?

In regards to my point of view, I can boldly say that a fallen economy is literally caused by both government and the people, but in a more simplified form, I can say the government has a 60% chance to be blamed for failing to implement good policies to regulate prices of things, create jobs and make the nation productive, so as to not rely only on imports items, but also have what to export also, to make the economy stable. While secondly, I will also blame the citizens for keeping quiet or literally supporting bad government who creates the hardship affecting the general citizens. Because of both government and the people could collective fight a failed economy, such economy stand a greater chance of progressing.

[Solodoski]

When the economy of a country has fallen, the economic situation of the country is against the wish of the citizens, leading to so many anomalies in the country. Fallen economy can lead to economic instability causing hardship in the country, it can lead the citizens to engage into committing series of crime as a way out for survival.
So what can you say concerning this fallen economy, is it caused by the citizens or the government?

When talking about a country's economy,  the government are in charge of its progress and failure. So it's definitely the government fault for any fallen or failed economy.  The government are the once responsible to put the right policies and economic strategies to improve a nation's economy,  if this thing are not gotten right by the government,  such nation is going to experience economy failure and thar the fault of the government.  An ordinary citizen has no power to put this things in place.

[igebotz]

I think I have seen a post like this recently.
If you are referring to Nigeria, right now I can say that the economy is not falling. When it was falling and things were not going as planned, I am one of the Nigerians on this forum that was posting about it on this local board. But right now, the economy is not falling. If the government gets it right, I think we would see economy growth or development.

The "economy is not falling" and you went ahead to also say " if the government gets it right, we would see economy" isn't this contradictory?

When the cost of a passport surpasses the average minimum wage, it indicates a failing economy.

A country whose N20, N50, and N100 notes have lost their value due to inflation shows that the country is in a shambles. The list is endless

[Odusko]

I think I have seen a post like this recently.

So what can you say concerning this fallen economy, is it caused by the citizens or the government?

If you are referring to Nigeria, right now I can say that the economy is not falling. When it was falling and things were not going as planned, I am one of the Nigerians on this forum that was posting about it on this local board. But right now, the economy is not falling. If the government gets it right, I think we would see economy growth or development.

Federal government is winning the war against economy downtown and high inflation and bear recession economic crisis that this president inherited from the previous Buhari led administration, recently that read that federal government to stop borrowing from next your 2026 early date, this is a good sign as we also aware of the holding of all government internal borrowings since few months now, I believe the federal government is getting it right now, exchange rate have improved and naira gains more value against it trading piers on stock market.