Today our topic is economy updates onpresscapital and through this we will try to understand how the ups and downs of the economy affect our lives. Every country’s economy is a huge system in itself in which government policies, international trade, and the behavior of the people play a very important role.
Economy Is Never Stable:
First of all, let’s talk about the fact that the economy is never stable. It always fluctuates – sometimes down, sometimes up. This is exactly like the system of demand and supply at a shopkeeper’s store. For example, if 5 people buy flour daily from a shopkeeper and he sells it for 100 rupees per kilo, then everything remains balanced.
But as soon as one day 20 people come to that shopkeeper and demand increases, what will he do? Due to the shortage of flour, the rate automatically increases and instead of selling at 100 rupees per kilo, he starts selling at 150 rupees.
Direct Impact of International Trade:
We can relate this principle with the economy. If a country depends on foreign trade to meet its local demand, such as importing wheat, then the fluctuations of the international market directly affect our country.
If we are bringing wheat for 100 dollars and one day the supplier country doubles its rate, meaning 200 dollars, then naturally the prices inside the country will also rise. That is why when rates change in the international market, their effect reaches our homes too.
Globalization and Dependency:
The purpose of economy updates onpresscapital is to keep people updated and help them understand why the country’s economy is fluctuating. This is not only a national issue but also an international one.
Today in the age of globalization, no country can survive separately from another. Every country depends on another for some commodity, service, or raw material. Because of this dependency, if a crisis occurs in one place, its impact falls on other countries too.
Impact on People:
Its impact on people is very deep. In case of inflation, the purchasing power of a common person decreases. A person who earlier bought a week’s ration for one thousand rupees now needs fifteen hundred rupees to buy the same things. This affects the middle class and lower class the most.
Importance of Economic Policies:
But there is another side to this as well. If the country’s government makes strong economic policies, maintains the balance of imports and exports, and focuses on local production, then it is possible to keep the economy stable. To control the formula of demand and supply, it is necessary to grow both industries and agriculture simultaneously.
Responsibility of People:
Another important point is that people should also follow the national rules and regulations. If we only keep complaining and do not cooperate with the system, the economy becomes even more unstable. Paying taxes, preferring local products, and avoiding unnecessary wastage are also our responsibilities.
Conclusion:
Economy updates onpresscapital remind us that the economy is not just a number or a chart, but it is a part of our daily lives. Our purchasing habits, international trade rates, and government decisions all together take the economy up and down. If you get more related information