en ens
Rookie
- Jun 13, 2019
- 3
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so we all probably got different opinions as to what is the recipe for a booming economy. i am interesting in hearing your opinions.
so here is my opinion:
1. everyone produces more, while everyone consumes less. to increase odds of surplus of goods, and prices come down.
2. if people spend less/consume less. then that can help keep prices down. and increase surplus of goods.
3. if people produce more, we all get more. it's kind of that simple.
4. the economy can inform people of weaknesses in the economy, whatever there is a shortage of, the general public can be informed of it, and go work in those fields. one time may be shortage of truckers, another time shortage of miners, another time shortage of farmers, another time shortage of mechanics, or engineers etc. if people are informed, they can quickly adapt to what society needs much smoother and quicker. helping both themselves and their economy. this can reduce chances of people working at mcdonalds or other jobs society doesn't need so much for decades. i like to think of the economy like a car engine, or the organs of a body of a living organism, there is many parts working together to get the thing running, this case it's the economy.
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one other side thing. some people actually think spending more helps economy. but i equate that as also consume more, and producing more while consuming more, i don't think is as good as producing more and consuming less. just an opinion. but i could be wrong. i think maybe if you isolate a period of time and isolate 1 business, then yes i might benefit 1 business for a set period of time, but i don't see it benefit everyone over the grand scale of time period. just my opinion. i could be wrong.
i look at money as motivation to work and freedom units. and we work for what we want, most of us want more goods, and but if we all consume more goods or get more goods, then more goods need to be produced, if you can't produce enough in time, you get shortages, prices go up, quality of life goes down in a society, etc.
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all opinions here. i'd like to know if i made sense. if anyone has their own opinions. i'm not there to enforce mine as the all high and mighty lord of knowledge superior to other points of views. i am just sharing mine, and quite interested in what other people think on this topic. i might learn something or be able to think about things i didn't think of before.
so here is my opinion:
1. everyone produces more, while everyone consumes less. to increase odds of surplus of goods, and prices come down.
2. if people spend less/consume less. then that can help keep prices down. and increase surplus of goods.
3. if people produce more, we all get more. it's kind of that simple.
4. the economy can inform people of weaknesses in the economy, whatever there is a shortage of, the general public can be informed of it, and go work in those fields. one time may be shortage of truckers, another time shortage of miners, another time shortage of farmers, another time shortage of mechanics, or engineers etc. if people are informed, they can quickly adapt to what society needs much smoother and quicker. helping both themselves and their economy. this can reduce chances of people working at mcdonalds or other jobs society doesn't need so much for decades. i like to think of the economy like a car engine, or the organs of a body of a living organism, there is many parts working together to get the thing running, this case it's the economy.
---------------------------------
one other side thing. some people actually think spending more helps economy. but i equate that as also consume more, and producing more while consuming more, i don't think is as good as producing more and consuming less. just an opinion. but i could be wrong. i think maybe if you isolate a period of time and isolate 1 business, then yes i might benefit 1 business for a set period of time, but i don't see it benefit everyone over the grand scale of time period. just my opinion. i could be wrong.
i look at money as motivation to work and freedom units. and we work for what we want, most of us want more goods, and but if we all consume more goods or get more goods, then more goods need to be produced, if you can't produce enough in time, you get shortages, prices go up, quality of life goes down in a society, etc.
--------------------
all opinions here. i'd like to know if i made sense. if anyone has their own opinions. i'm not there to enforce mine as the all high and mighty lord of knowledge superior to other points of views. i am just sharing mine, and quite interested in what other people think on this topic. i might learn something or be able to think about things i didn't think of before.