Whenever we speak of an economy, we speak of a body which incorporates trading for a living. No matter how hard we try to balance the distribution of sum in an economy, we end up failing ourselves because of the imperfect conditions. There are a lot of variables that act upon an economy that are entirely dependent upon the behavior of the individuals forming it. Given are a few of them which always make a leader find a different approach to stabilize the economy:
Under any economy, there are people who put monetary contributions to let it grow. Either in the form of a tax or kind, the employed member of a family has to contribute to the growth. The chain to keep adding more items that make work easy, never ends. And, to fulfill the demands of the unemployed ones, is an important task to be performed by an employed individual.
A group has to plan its investment individually and as a community as well. Everyone must have some cash for personal disposal, for buying is crucial for living. While the employed members of an economy keep some sum for themselves after paying the taxes, the deposits must satisfy the needs of unemployed individuals.
With every economic year, there are hikes and cuts in the prices of several materials. It doesn’t really matter because at the end of the day the cost of living has only risen since the birth of economics. There’s also an uncertainty in products whose prices are going to rise in the next federal budget, therefore influencing every minor economic group to revise their policies.
It really matters if someone in the group has lend money from another economic body as a part of the sum that’s produced by your group is being used to pay the interest somewhere else. Under the time of certain necessities when the entire group requires money for cumulative growth, it has to borrow from other sources. In that case, the money that was safe inside the deposit starts going to the moneylender to pay the debt.
The most important affect that determines the growth rate of an economy is the confidence its members display towards the community. If an economy holds a history of making unfair, and sometimes rather bad decisions, the community loses its faith. It makes the conditions fragile in a way that even when you make a profitable decision for your people, they turn against you.
More than a leader, it’s the people who form an economy. As long as their requirements are being met, an economy is allowed to flourish. To fulfil people’s demand, doesn’t require rocket science, just a nice pat on the back as they perform a job well, will do half of the trick. Rest lies in a ruler’s hand. If you have transparent leaders, selflessly taking decisions for the entire economy, you’ll find people put their faith in them, and start obeying their words too, resulting in the economy to grow. On the other hand, if your leaders are self-centered narcissistic individuals, then it’s only their economic conditions which will improve.
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