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Economic Science By Pawan Upadhyay [Best Economy Model ]
12-12-2016
17:06
1) (Domestic consumption + Export) based Economy is called best economy.Domestic economy should be solid and strong.Then External factors donot affect nation's economy.Domestic factors weakens domestic economy,Export erases the affect of Domestic factors.Current account deficit and Fiscal deficit both matters.so Nation needs strong domestic economy and export economy.For tackling Import bill,Nation needs to do export.Extra Income from export bussiness benefits the nation's economy.External factors weaken the Export economy.
2) For tackling Fiscal deficit and Current account deficit,Government should follow these four points 1) Strong saving 2) Good revenue from taxes 3) More and more cash-inflow in country by investment (Domestic investment + Foreign investment) 4) More and more cash-inflow by tourism industry
3) High inflation,low income and High expenditure create problem for domestic demand.Demand and supply matters most.
4) Production capacity matters too.Increasement in Domestic demand and Export demand and supply of goods on right time drives economy.
5) Purchasing capacity of consumers,affordable price of products and low inflation(not deflation) is the base of strong domestic Economy.Nation's people should get good income by good deed(good job + good business).Government should raise the income of Nation's people.
6) When other country has economic problem then it creates problem for export demand then increasement in domestic demand fills the gap of low export demand.Currency should be strong.
6) If country has problem in domestic economy then it creates problem for domestic demand then increasement in export demand fills the gap of low domestic demand.Quality of product,affordable price of product and consumer's trust matters most in this condition for increasement of export demand.
7) More and more cash-inflow in country and less cash-outflow matters most for strong economy.
8) strong consumer spending for long period is the key of Strong domestic economy.After every minute,every second and every hour,New consumer add in Consumer list.When any child becomes young,he is new consumer.So More and More Job creation is very important for Strong domestic economy.Consumer's spending capacity and consumer's purchasing capacity drives domestic economy.
9) If dollar is strong against other currency and U.S.A. Is dealing import bill in local currency of other countries then Import bill will be cheap.U.S.A. Is full of natural resources and U.S.A. Produces the huge amount of petroleum products.Strong currency saves domestic economy.
Note :- Strong consumer spending means that consumer's strong spending.
10)
Strong currency will not hurt export,Demand and supply matters most.Increasement in export demand matters.Increasement in Quantity of total sold goods by exporters matters.Suppose Currency is strong and exporters increase the price of goods little and They sold more goods than previous sale Then it will not be hurt.
Suppose price of one product in Domestic market is 30 dollar per piece and exporters are selling that product in export market in 25 dollar per piece the calculation of local currency of that country.
Suppose,In Domestic market that product is purchased by 1000 people in one day and In export market,That Product is purchased by 2000 people in one day.Exporters will be in profit.
In Domestic Market,
Price of one piece of that product = 30 dollar
Sold Quantity = 1000
Total selling price = 30 dollar* 1000= 30,000 dollar
In export market,
Price of one piece of product in the calculation of local currency of that country = 25 dollar
Total sold Quantity = 2000
Total selling price = 25 dollar* 2000 = 50,000 dollar
In this condition, Exporters are in profit.Due to strong Currency,Import will be cheap.
Profit = Earning - Expenditure
Due to cheap import,Earning > Expenditure.Strong Currency should be in Comfortable level.
11) Strong Saving is the most essential part of Strong Economy.Saved money and reserved money helps the nation in Trouble Time.In Drought condition,You can use this money for bring inflation down.In Drought condition,Inflation goes up.Saved money and reserved money are the solution of deficit problem.Strong Economic Growth with controlling deficit is the base of Solid and Strong Economy.
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12-12-2016
17:06
1) (Domestic consumption + Export) based Economy is called best economy.Domestic economy should be solid and strong.Then External factors donot affect nation's economy.Domestic factors weakens domestic economy,Export erases the affect of Domestic factors.Current account deficit and Fiscal deficit both matters.so Nation needs strong domestic economy and export economy.For tackling Import bill,Nation needs to do export.Extra Income from export bussiness benefits the nation's economy.External factors weaken the Export economy.
2) For tackling Fiscal deficit and Current account deficit,Government should follow these four points 1) Strong saving 2) Good revenue from taxes 3) More and more cash-inflow in country by investment (Domestic investment + Foreign investment) 4) More and more cash-inflow by tourism industry
3) High inflation,low income and High expenditure create problem for domestic demand.Demand and supply matters most.
4) Production capacity matters too.Increasement in Domestic demand and Export demand and supply of goods on right time drives economy.
5) Purchasing capacity of consumers,affordable price of products and low inflation(not deflation) is the base of strong domestic Economy.Nation's people should get good income by good deed(good job + good business).Government should raise the income of Nation's people.
6) When other country has economic problem then it creates problem for export demand then increasement in domestic demand fills the gap of low export demand.Currency should be strong.
6) If country has problem in domestic economy then it creates problem for domestic demand then increasement in export demand fills the gap of low domestic demand.Quality of product,affordable price of product and consumer's trust matters most in this condition for increasement of export demand.
7) More and more cash-inflow in country and less cash-outflow matters most for strong economy.
8) strong consumer spending for long period is the key of Strong domestic economy.After every minute,every second and every hour,New consumer add in Consumer list.When any child becomes young,he is new consumer.So More and More Job creation is very important for Strong domestic economy.Consumer's spending capacity and consumer's purchasing capacity drives domestic economy.
9) If dollar is strong against other currency and U.S.A. Is dealing import bill in local currency of other countries then Import bill will be cheap.U.S.A. Is full of natural resources and U.S.A. Produces the huge amount of petroleum products.Strong currency saves domestic economy.
Note :- Strong consumer spending means that consumer's strong spending.
10)
Strong currency will not hurt export,Demand and supply matters most.Increasement in export demand matters.Increasement in Quantity of total sold goods by exporters matters.Suppose Currency is strong and exporters increase the price of goods little and They sold more goods than previous sale Then it will not be hurt.
Suppose price of one product in Domestic market is 30 dollar per piece and exporters are selling that product in export market in 25 dollar per piece the calculation of local currency of that country.
Suppose,In Domestic market that product is purchased by 1000 people in one day and In export market,That Product is purchased by 2000 people in one day.Exporters will be in profit.
In Domestic Market,
Price of one piece of that product = 30 dollar
Sold Quantity = 1000
Total selling price = 30 dollar* 1000= 30,000 dollar
In export market,
Price of one piece of product in the calculation of local currency of that country = 25 dollar
Total sold Quantity = 2000
Total selling price = 25 dollar* 2000 = 50,000 dollar
In this condition, Exporters are in profit.Due to strong Currency,Import will be cheap.
Profit = Earning - Expenditure
Due to cheap import,Earning > Expenditure.Strong Currency should be in Comfortable level.
11) Strong Saving is the most essential part of Strong Economy.Saved money and reserved money helps the nation in Trouble Time.In Drought condition,You can use this money for bring inflation down.In Drought condition,Inflation goes up.Saved money and reserved money are the solution of deficit problem.Strong Economic Growth with controlling deficit is the base of Solid and Strong Economy.
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http://www.facebook.com/economicsciencebypawanupadhyay
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