Resource Based Economy

The concept of a resource based economy is an economy in which goods and services would be freely available to consumers without requiring any form of payment. It was proposed by Futurist and social engineer, Jacque Fresco. All the world's resources would become the property of everyone, not just certain classes or groups. This concept is based on the idea that the world has an overabundance of resources, and our current way of distributing those resources is not conducive to the livelihood and continuation of humans.

This theory also postulates that due to the technological advances that society has made, we now possess the means to be able to develop a system that distributes resources in such a way that everyone can be educated and live well. The supporters of this theory believe that if the government or large corporation were put in charge of an initiative like this they would make themselves the primary beneficiaries of the resources while making most of the population menial slaves or servants to them. The theory places a lot of emphasis on equality and elimination of socioeconomic classes which divide people and create feelings of jealousy and inadequacy.

The theory emphasizes that every person has both physical and psychological needs that need to be met. It is stated that every person living in a resource-based economy would be allowed to fill any occupation or undertake any trade at which they excelled. This would help people to focus on working for pleasure and to achieve a sense of personal fulfillment. When people feel fulfilled and accomplished, many of the feelings of greed and hatred will disappear. Resource based economies would help to eliminate crimes and thus eliminate the need for jails. It is thought that crimes such as robbery come about because of the greed, jealousy and inequity that exist between people who live well, and those who are socioeconomically disadvantaged. The problem of inequity comes about because of a lack of resources, and once society has engineered a solution to end poverty and scarcity, this inequity and the crimes associated with these two things will disappear. This type of economy is the solution which will help humans become more efficient and fair in terms of rationing resources, and ensuring that need are met.

This form of economy would make use of its existing technology and renewable resources to help to create and sustain the environment and the economy while simultaneously ensuring everyone has equal access to the things they need and the things they want. This new system would also have health care for all, a better transportation system. Also, the new system would emphasize conservation and protection of the Earth, since it is the source of our resources. Many believe that technology plays a major role in pollution and the destruction of our planet. According to this theory, however, the abuse of technology is what causes the destruction. Technology is a wonderful tool available to humans when used correctly and with discretion. Machines should be a help to humans, not an attempt to replace them. When technology is employed correctly, it translates into a more efficient, better run society where people can focus more on personal fulfillment as opposed to gaining power and wealth.

Achieving this society is only possible with everyone putting in effort. New technologies must be researched and created, and renewable energy must also be discovered. If all of society pitches in, the world would be more conducive to humans leading better, more fulfilled lives. They would not have to worry about paying bills and holding onto jobs. In this type of society, the focus would be on people as human-beings, and not as merely beings who live to work, and have no time to enjoy life.

What Is Economic Growth

A lot of people are wondering what is economic growth and how does it help. This situation can be explained as the expansion of the productive possibilities of the economy. With this kind of growth, this should help advance higher living standards as well as employment. There are many advantages here that everyone can benefit from. One benefit with this situation is higher living standards. This standard is measured by income per head of household. On an even better note, employment will be greatly effected. This kind of growth will certainly increase employment.

Other advantages here include the fiscal dividend and growth and business confidence. As far as the fiscal dividend is concerned, economic growth will have an excellent effect on the government's finances. With growth and business confidence, this is usually great news for the stock market as well as company profits. Just as they there are advantages with everything, there are also disadvantages. Although there are not too many disadvantages here, they still pose a risk or a threat. Even though it's good that the economy will be growing, there are two threats here that could cause serious problems. The threatening factors that come along with economic growth are inflation risk and environmental concerns.

When it comes to the inflation risk, this situation will occur when the economy is growing too fast. The danger comes when the demand rises significantly above the supply. If this situation comes to pass, producers will take advantage of this and will increase prices for consumers. On the other hand, there will also be environmental concerns. With the fast growth of consumption and production, it has the possibility to create negative factors.

With this situation, there is also a trend rate. To get a better understanding of these trend rates, people use speed limits to get a better understanding of what's going on. In this situation, there is above trend and below trend growth. The above trend is considered the positive gap and the below trend is considered the negative gap. With the positive gap, the economy will grow a lot faster than the set trend. This situation can also lead to positive inflation. On the downside of things, the negative gap happens when the economy goes through a "slow down" or recession. This issue becomes a factor when the growth rate is substantially below the trend rate.

The economy is very important for everyone's well-being. In recent times, the economy has suffered quite a bit and is recovering slowly but surely. There are a few things that we can do to keep the economy up to date and functioning properly. Keeping an entire economy functioning is not at all easy, but it can be done. The economy hits a few rough patches every now and then, but it always manages to get back to where it needs to be. With changes in our habits and resources, we can keep the economy flowing the way it should. If it happens to get out of balance, everything falls out of place and has to be fixed.

Factors Of Economic Growth

Anyone can understand the factors of economic growth.It is not rocket science and the logic behind it is simple. You therefore can understand anything explained about the economy and other growth related issues. Keep in mind that trends do change in in different economies around the world.therefore, the all you need to know is that what may be a success in economy A may be a failure in economy B. The key thing in any development of any economy is the current account deficit. If a country imports more than it exports, chances are, there could be a fall in the graph showing the status of its economy. Therefore the country has to balance the import and export trend.

The job market in any country influences it s financial status directly.there has to be more jobs that a country creates so that the economy may be stable. The most common way to curb fewer jobs is the by exporting more manufactured good that will create higher paying jobs.This why, countries with fewer population always seek foreigners to to work for them. Note that without people, work is absent, which in turn means there is no money. Then the currency of a particular country has to be strong against the major currencies. This has been a major problem in developing economies worldwide. If a currency seems to stagnate, then the best thing to do is to phase it off and start a new currency all over again.

Keep in mind that the kind of growth we are talking about is the increase of per capital gross domestic product. This is the simplest way to look at this factors.certainly, the GDP influences the economy in one way or another. Therefore, if any economy is to succeed, they have to do something about their gross domestic product. There have been concerns lately that domestic productivity of nearly all the countries are affected by the global warming factor. This is true in some way, however, every country must keep an eye on their natural resources and utilize them well. If the natural resources can be well managed, then that may just be enough to boost any type of an economy

There is also the political situation of a country. If the situation i too bad, then the economy may be worsened. Political stability is essential n giving any country a success. When the political situation of a country is good, then even things such as infrastructure may as well be good.note that infrastructure is one thing that cannot be overlooked in the growth factor of any country.

Lastly, there are other factors such as the mortality rate. They may seem as minor factors but they still do matter. This is because it directly affect productivity. It directly affects the population of any state which is always necessary for any economy to success.there has to be population moderation.all these trends do change with time so one has to be on the look out for changes in major economies. This can always be done through researches on the internet.

Command Economy Countries

Command economy countries are those where production is public property and a quota system controlled from the top determines both production levels and the distribution of produced goods. This is as opposed to a market economy which depends on demand and supply. The current status quo is that market economies have decisively been shown to the better system. The best example for highlighting the pros and cons of command economy countries is the former Soviet Union. The USSR set up a system where all the land, property and production belonged to the state. Prices for goods and wages for workers were set by the state, and the state owned and ran all services. The state even got to decide who should pursue which career.

In return, the state took care of citizens' every need, insofar as it was possible. This included everything from food and medical care to vehicles. On paper, it seems like an ideal arrangement where a benevolent socialist state would make sure everyone gets taken care of and is assigned some work to do. But in reality, the system had quite a few holes that ultimately led to its downfall and the victory of the free-market economic model. For instance, a farmer would get only the state allotted quota of fertilizer, seeds, laborers and other necessities required for farming. This would in turn limit the farm's crop to a set amount, regardless of the weather and whether it was a good season or if there was a huge demand.

It doesn't allow for growth or cut-backs in the farm based on conditions on the ground. Instead, it has to depend on instructions from the central planners under a one size fits all system. Simply put, the same farm with the exact same climate/soil conditions would do a lot better in the long run in a free market economy than it would in command economy countries. It also doesn't properly channel individual talent, initiative and entrepreneurship. Someone who has a lot of talent for the arts may end up as a clerk, while those without any leadership qualities may get to lead a large workforce just by being a loyal servant of the state. Since production belongs to the state, there's little motivation for anyone to try and build up a profitable business.

But the system was still followed by the Soviet Union, its vassal states and many others who were attracted to it. It worked well in certain areas where discipline is more important than decision-making powers for individuals. It allowed these nations to build impressive state bureaucracies and a top-down structure for quickly and effectively implementing policies or responding to large-scale disasters or national emergencies.

While they had the resources, it ran like a smooth and well oiled machine. But as the free market capitalist nations began to progress faster, the disparity begun to grate on citizens in the command economy countries. They began to realize the benefits of a supply and demand based economy. With the end of the cold war, these nations have begun dismantling their old state-run controls on the private sector and have allowed a capitalist system to take its place.

The Advantages Of Reading Economic Articles

The economy affects our daily life in a very significant proportion. Reading economic articles is one simple way of getting information of how the economy is faring on. These articles are very prevalent and can easily found in newspapers, business journals, economic magazines and the internet. Getting informed on matters about our economy enables an individual to make informed decisions mostly about financial matters and investments. These might include determining the right time to venture into an investment like a real estate business or buy shares from the stock market. The benefits of reading and understanding these writings are discussed below.

The economy today is very unstable and this is coupled by the high cost of living experienced across the globe. One does not need to be an economic specialist to figure this out. Many people rely on these writings to keep up with the high cost of living by making informed decisions. Enterprising individuals or companies can come up with business ideas basing on the facts obtained about the market trends and the financial state. These individuals end up maximizing on profit by capitalizing on the current market needs and trends. These entrepreneurs seize the moment as well as preparing for any forthcoming changes in the market needs.

The price of commodities nowadays changes rapidly but hardly will you hear of salary increments. This therefore creates a need of proper planning on the finances you earn as salary in order to keep up with the economy. Reading journals on economy will equip you with strategies to counter this situation by making smart choices based on the priority. One can also find ways of saving a few dollars by establishing where to obtain products or services at relatively cheaper rates. Attaining financial information can increase the possibility of attaining financial freedom. Those who are able to interpret and assimilate ideas are considered to be aspiring millionaires and it is because they know how to apply the facts for their gain. Many successful businessmen nowadays had their thinking changed by simply obtaining financial information and applying it effectively to their benefit. Obtaining facts about the economy is possible and learning how to apply them is beneficial in averting financial crisis.

In-case the government offers decreased loaning prices to banking institutions; this can translate to banks decreasing their lending prices to individuals interested in obtaining loans. Such an opportunity can be used to obtain loans that can enable your company grow or provide a lifeline for your business before things stabilize. Economics as a study discipline is best analyzed when divided into two; microeconomics and macroeconomics. Microeconomics studies the behavior of markets, consumers, buyers and firms while macroeconomics deals with inflation, unemployment and the different monetary policies. Financial advice can be expensive especially if it requires visiting financial experts. On the contrary this advice is obtained cheaply and conveniently by reading financial journals.

Knowledge is power and you should not overlook any opportunity to learn anything that affects your life. Obtaining information about our economy not only increases your knowledge base but also in a big way makes you make smart and informed decisions on financial matters.

Market Economy Definition

Free market economy definition can be put in very simple terms where it means a system where the buyers and the sellers are the ones that are responsible for all the trade choices that they make. This means that they are free to determine how goods and services are distributed. The forces of demand and supply have a lot to do with this and it is characterized by trading without tariffs or subsidies that have been imposed by the government.

One of the things that the government of any country is involved in is controlling and insuring that there is law and order. They ensure that the sellers set a fair price for the commodities that they are selling but it does not have a role in administering the price that is set for the commodity. The prices that the sellers set are those that are determined by demand and supply forces. The basis of allowing this type of market is so that the people will have the control that they need for the resources. The free market has so many other factors that determine how the trade is conducted and the living standards of the people there are really considered. There are many countries in the world today that have a distribution system.

This system is considered to be most efficient where the government wants an optimum way of how they can distribute the county's resources. It is associated with a society that uses capitalism where many of the means of productions are owned by individuals or they are privately owned. On the other hand, there is the socialist market where the government is the one that is responsible on regulating the system. This is to say that many of the prices of the goods and services that are in that particular country are administered by the government. The prices are fixed and in case there are any raw materials that are needed, they come from the market there in the country even before they can get them from another country.

These countries have been using the socialist system are gradually moving for capitalistic economy where they use the free markets. The biggest advantage about this is that a person gets what they deserve and what they have worked hard for. This is very different from the other system where the people are put in the same plane.

The success of this has been evident in so many countries where it has been used been used in the long term. There is a lot of liberalization where people are allowed to trade while exercising these principles. The success is determined by the growth and the increased level of trade. The free market economy definition is within the doctrines of so many different things and it is still for the growth. Both of these forms of trade are done for the good of that particular place and it is seen to enhance and help the citizens to attain prosperity and growth.

How To Write Good Economic Articles

For the average person with limited education it can be difficult to understand some of the economic articles which are being written by highly educated individuals who fully understand the subject they are speaking about. This can be off putting for the average reader who will probably not bother to read all the way through and thus miss out on what could be very useful information.

There are a lot of factors to consider in the worlds economy, and there are hundreds of experts out there who write about their subject of expertise but are just too difficult for the general public to read. It is important for a writer to realize the importance of writing in simple laymans terms in order to get the message across to as wide an audience as possible. With our ever changing and sometimes difficult economic times it becomes increasingly important that people understand why certain things are happening or how small things affect the big picture in the economy. This can be done through writing good quality economic articles that are interesting and and fully readable by the majority.

It can be difficult for a writer to write in general terms for a wide audience, especially if they are highly experienced in their field and are used to conversing with people who have their level of expertise. One thing that can be done to simplify an article but keep it sounding authoritative is to explain were possible the meaning of words that would not normally be used by people in the general public. The general idea behind writing about your chosen subject should be to educate your readers, and although economics is potentially a difficult subject, a written article should leave the reader feeling as though they have learnt something new. It is true that writing about a complicated subject and trying to make it sound simple is not an easy task but those who know their subject well enough will be able to give clear descriptions and explanations that anyone will be able to understand.

When writing any article it is important to make the article conversational, simplify words, and use short sentences and paragraphs. This goes for the putting together any type of article but is important to factor into an article such as one relating to the economy for ease of reading. Someone who can write a humorous article about the economy will be able to get the message across much better than a completely serious article, but again it might not be possible to factor this in to such a serious subject.

Of course if your article is not intended for the general public and only the select few then you will be able to decide how you want to write and the best way to get the message across, but the average reader will have very limited concentration levels and lots of other articles to choose from. There are many economic articles available on the internet, and using this medium is a good way to get your message across to a wide audience, making the article engaging and enticing will attract the most readers.