Economics views - where advanced economics ideas find you

This is the collection of 3 NFT's.  Life is always changing. I am showing by this rotational stone that nothing is fix in this world. All humans, all animals, all trees and any thing in this word is changing.  1. Life Changing Stone 2. Life around desires Our life is a bundle of our desires. we all always try to fulfil our desires but some desires fulfil completely,  Some desires fufil partially and some desires remains unfulfilled. It's the truth of life so no need to be sad. Need to work always honestly.  3. Life hurdles  We all face many hurdles in our life so need to go ahead with patience.  4.  5 6. Dog in Tension

 One idea can change the future of any person or company.  Where many people get jobs to maintain better living standards.  So we starting today about idea & implementation process.         All businesses need two main resources first is products/ services  and second is  customers. Traditional business need capital, shop, staff and many more and online businesses needs big customer base with higher competitions.  Which plan is today I am sharing this is a combo of both business trends. First Need to choose a ten thousand population area so we can start this business properly. Second choose 100 lead people for monitoring ten thousand people purchase activities. Per person will enroll 100 people under his monitoring so business can run smoothly. All people will send his purchase  inquiries to lead people. Now customers base is clear.          Now how lead people will deliver products and services to custo...

 At Present covid-19 virus is hitting all the countries and due to which economic activities have become slow and all governments tax revenue is eventually decreasing at the highest rate and therefore governments of various countries are facing problems on the expenditure side, wherein many expenditures are fixed and essential in nature hence, if the government cut out on these expenditures then the recession will more effective in future and there is a very high probability that it might disturb all individual citizens in the countries. Because of which all governments are borrowing huge money to manage expenditure. The main question which lies here is- a. What will be the outcome of this step in the future- that the government of various countries will have to pay the dues along with interest after 5 to 10 years which would eventually increase the burden of more tax to be allocated by the individual citizens. Herein the above-mentioned scenario is partially beneficial for the e...

          Present time currency banking system is  working mostly on paper note and gold is using to take mortgage loan but now need to chance the system of banking system by taking gold as deposit in MKS or CGS system and lend also by this system. Mostly households of any countries keep gold as assets other than jewellery. If we assume 20% of households gold is for investment purpose then government can allow this by banking law deposit and lending.                 Present time as per World Gold Council India, China and US households have big gold exposure as investment purpose if Gold bank were attract only this investment purpose gold then this will be a big achievement. As per WGC Indian households have 25 thousands ton gold if Gold bank attract only 20% of this then this will be highest boost up for Indian economy.            Benifits -  1. People get a new instrument for e...

           Present time loan become the essential part of the life. All countries central governments, states and provinces governments, Municipal corporations, all are borrowing money to manage their expenditures. Thus they have to pay interest per year then this interest portion in budget reached one third to fifty percent. Then this debt trap continously increasing  if any year revenue decreased then to repay loan and interest again borrow bigger amount then previous year loan taken. This debt trap also now popular to buy home, personal loan.           Industrial or production companies take loan that's right because they are doing commercial activity. Business need money to increase production and they can earn money by this investment in future. So need to reduce borrowing for the non commercial activities where in future return is zero and investment amount also forfeited. Fiscal deficit of all countries are on high this ...

        Present time governments expenditure increased but tax and non tax revenue decreased due to lockdown. One side unemployment increased and other side covid-19 pandemic people facing health issues and near one million people died. So government required huge money to fulfil gap between revenue and expenditure. Required heavy expenditure on vaccination to people country wide. USA & UK are choosed the way of quantitative easing to buy government financial assets and bonds. This method is good for emergency support but what is next, When government will repay this financial support this is a big question. Other side I am suggesting a new option for emergency financing to long term financing for economic output growth.  1. Government should support industries and enterprises by make a law where 30% of bank loan convert in preferential share so interest burden will reduce and possibilities of NPA will become very less. This stake bank can sell to others or ...

          Present time all countries governments giving agricultural subsidies on various type of agri inputs and purchase of ready crops. Mostly governments are giving subsidies on fertilisers, seeds, interest of loan amount, agri tools, electricity and diesel etc. These subsidies reason to support farmers, agri labours to stay in this employment and food requirements of country can be fulfilled.         Second when crops become ready for market sell then a minimum support price is announced by governments for various crops. Minimum support price where government buy agri products from farmers. Government use these products for public distribution system to fulfil marginal & poor people food requirements on subsidies rates.            Present time this system have many leakages. Nearly 20% products become waste due to unproper storage system. Many time people are forced to buy these waste and unhealthy ...