Post
Topic
Board Economics
Re: Boost of a countries economy
by
jrrsparkles
on 14/09/2021, 16:03:36 UTC
With what you think currently, Crypto currency is one of the major things I think, that has contributed greatly to the growth of a country economy.
It will be totally improper for a country to channel all of its or their sources of income in one direction,the government kicking against crypto currencyus not right and fair from my own perception.

Diversification of economy by not focusing mainly on one major source of income boost and increase the economy to a large extent, as well limiting the losses....in a country tourism, technology, Agriculture and Sports mainly football will grow and boost an economy vastly.....why some Countries suffered during the Covid 19 pandemic is all because they focused and operated in one section to generate income, so boosting of an economy can also be achieved in different ways including crypto currency.

It wouldn't be bad idea if Y'all can share your thoughts and ideas about this from your own point of view.
Crypto currencies made some millionaires which is comparatively less with gold and real estate as of now and bitcoin may help the economy when they regulate and make tax revenue from it but most of the countries are yet to regulate cryptos even now.

A country's economy can be boosted in many ways but the long lasting one is by creating more manufacturing industries and export the products to other countries.