HOW TO DEVELOP THE ECONOMIC SYSTEM OF A COUNTRY
Has covid-19 affected you positively or negatively as an individual in a region, state or country?
The pandemic has cause a lot of depression across the globe, despite all these some countries have been able to stabilize their economic system while some have not been able to do so.
In this article I will be discussing how a country can stabilize her economic system.
It is well known that the economic system of a country will determine the well-being of individual in such a country.
Avoiding bad government
The economic system of a country is firstly determine by the the government of a country, when the governors are bad the economic system of such country will be simultaneously bad.
The government play a major role in managing the economy of a country, to achieve a better growth of the economic system of a country the leaders must be ready to permit economic growth and not to melt it down.
So to have a good growth of the economic system of a particular country the country must be govern by good leaders.
Creating job or employment opportunities
If the economic system of a country must grow to a state of stability, there must be job opportunities for the unemployed in the country. By so doing , individual can have access to his/her own personal way of income and not serving as a parasite on others in the country but are totally independent.
Employment will also built the interest of young ones in education, because in a country where unemployment is leading the youth will not pick interest in education.
Although this also depends on the government of the country , they must be able to create new way of employment either directly or indirectly.
When unemployed rises above the employed in a country it leads to a chronic state of poverty.
I will be discussing more on this topic in my next article, your comments and feedback are very important.
Thanks for stopping by to read my article.