I would evaluate economy based on the citizens happyness not on wealth or money. Sure you cant measure it but thats what I would have in mind as the head of a community
The economy can be evaluated in so many ways, defending on what you are looking for, in terms of ;
*Finance
*Development
*Infrastructures
*Good roads
*Industries
And so many other ways.
An economy that falls below this said to be below development and an economy that has all the above is said to be a developed economy.
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I think middle class is a better indicator. It shows that if a man dedicates himself to his work, he can prosper, which shows the level to which society is free. Don't get me wrong, how the society treats its workers and its poor is vital, but the common man doesn't have use for the ammenities required to make a middle class person, so you're missing out on a lot of details.
It could also be argued that your working women won't give you a good idea of the opportunities provided to the fairer sex.
1.) Are most people employed?
2.) Are wages rising faster than the cost of living?
3.) Are working conditions safe?
4.) How well do the jobs being created a good match for the skills and career goals of the labor force?
Good advice... although this won't help 90% of people because of its nuance.
Pat hits on an interesting point but doesn't expand on it: Middle class.
Middle class is basically one of the best indicators of a society's function, sorry Marx... It transcend economic meaning. The middle class determines a society's cultural, scientific, moral, progressive, and educational standing and direction. Middle class spends like lower class, but they make money that can compare to upper class; they have education like upper class, but they work like lower class; they have high minds like upper class, but they reason like lower class; they have awareness like upper class, but are vulnerable like lower class, and hence work against status quo.
Not trying to suck the dick of the middle class too much, but whether there's a middle class is a good indicator of a society's health. The lower the middle class, the worse overall. That's why societal lows and highs are coincided with middle class lows and highs.
One of the reasons I don't put too much stock in Marx is because he said the middle class was the ally of the upper class... in fact that's the opposite. The middle class is the ally of the lower class, and protects it from the predations of the upper class... which is one of the reasons the Powers that be are so afraid of the coming renaissance of the middle class caused by the internet, and removal of the gatekeepers. There's no limit to knowledge and opportunity anymore, and new services like YT are making entrepreneurs that are beholden to few people.
I would evaluate economy based on the citizens happyness not on wealth or money. Sure you cant measure it but thats what I would have in mind as the head of a community
The economy can be evaluated in so many ways, defending on what you are looking for, in terms of ;
*Finance
*Development
*Infrastructures
*Good roads
*Industries
And so many other ways.
An economy that falls below this said to be below development and an economy that has all the above is said to be a developed economy.
Well, development, infrastructure and roads aren't really economy, they're infrastructure... but they're good indicators, yes!
A good economy will have the money and need to invest in good civil works.
(ICO) WELL - Airbnb of Healthcare
powered by blockchain
https://goo.gl/VtQ6rF ----- WEBSITE
Excuse me for advertising. It is necessary to earn. I'll try to stop soon. :)
I would say the best metric to evaluate economy is how much prosperous a common man in a country is.
I think middle class is a better indicator. It shows that if a man dedicates himself to his work, he can prosper, which shows the level to which society is free. Don't get me wrong, how the society treats its workers and its poor is vital, but the common man doesn't have use for the ammenities required to make a middle class person, so you're missing out on a lot of details.
It could also be argued that your working women won't give you a good idea of the opportunities provided to the fairer sex.
Great video !!
Sir, Your post has been very good so I like it very much. So I think I have to learn something from it.
My criteria:
1.) Are most people employed?
2.) Are wages rising faster than the cost of living?
3.) Are working conditions safe?
4.) How well do the jobs being created a good match for the skills and career goals of the labor force?
Good advice... although this won't help 90% of people because of its nuance.
Pat hits on an interesting point but doesn't expand on it: Middle class.
Middle class is basically one of the best indicators of a society's function, sorry Marx... It transcend economic meaning. The middle class determines a society's cultural, scientific, moral, progressive, and educational standing and direction. Middle class spends like lower class, but they make money that can compare to upper class; they have education like upper class, but they work like lower class; they have high minds like upper class, but they reason like lower class; they have awareness like upper class, but are vulnerable like lower class, and hence work against status quo.
Not trying to suck the dick of the middle class too much, but whether there's a middle class is a good indicator of a society's health. The lower the middle class, the worse overall. That's why societal lows and highs are coincided with middle class lows and highs.
One of the reasons I don't put too much stock in Marx is because he said the middle class was the ally of the upper class... in fact that's the opposite. The middle class is the ally of the lower class, and protects it from the predations of the upper class... which is one of the reasons the Powers that be are so afraid of the coming renaissance of the middle class caused by the internet, and removal of the gatekeepers. There's no limit to knowledge and opportunity anymore, and new services like YT are making entrepreneurs that are beholden to few people.