SIMPLE ECONOMIC FORMULA

This entry was posted on Monday, December 31st, 2018 and is filed under ECONOMY.
  1. Economic boom of any country depends on its business, agriculture, industrial production and commercial activities. When these activities improve, only then the real development takes place. When the government imposes more and more rules, restrictions, inspections, raids and barriers on its trade & commerce, a disaster called ‘recession’ freely enters that country.
  2. Whenever the trade and commerce flourishes, farmers of the country get better prices for their products.
  3. Only agriculture and commercial activities create most of the non governmental job opportunities.
  4. Government itself is the highest beneficiary when it removes barriers to the trade. ‘Tax revenue of the govt proportionately increases with the increase in the trade turnover’.
  5. The very survival of the banking system depends on trade and commerce. Failure of these activities result in loan defaults & a pile up of non performing assets.

Filed Under: ECONOMY