Quote from: GeorgeJohn on Today at 11:41:19 AM

Quote from: goldade on October 07, 2020, 06:44:04 PM

Quote from: Krabby on June 16, 2020, 09:38:23 AM

Quote from: GeorgeJohn on June 16, 2020, 07:27:38 AM

Some countries economy are constant and some economy rise and fall, from my understanding I suggest that is because of government,and population of the country. What is your suggestion

Yes, I agree with your thoughts. But I want to add one more thing that the economy can also be affected by nature. For example, in Dubai, it is a very small country and a very small population, but it owns one of the largest oil fields in the world. Since then, Dubai has become very rich. otherwise, it is due to natural disasters or epidemics and need not for example, you also understand how big its impact is.

I do agree with the both of you and I just want to add that not do government policies affect the economy but also the people that constitute the government. If there are right people to lead a country, it helps to boost their economy by the enforcements they make.
Secondly, pandemic such as the Corona Virus which is currently in the world and the Ebola Outbreak that happened in Africa years ago can also crumble the economy of a country if not properly managed.
Thirdly, the natural resources of a country, if properly utilized by the government, can help boost the economy of such country.

Yeah, it's obvious that resources of a country is were each of the country economy originated and if not properly handled by the management of the country,automatically the economy of such country will fall totally, so looking at the falling of countries economy from another perspective it seems that its caused by Lack's of diversifying resources or economy.

Yeah, it's clear that massive disease in a country can cause stability or downfall of economy such as corona virus and other numerous disease's.

What about the technology factor, have you forgotten that countries with technology will grow faster? perhaps technology is also the cause of economic growth or decline. If the government and society do not have technology in their country. I am sure the country will continue to be underdeveloped.