Quote from: rhodelmabanal on August 29, 2024, 01:39:21 AM

I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.

What do you guys think about it is there a big difference on our past and present economy?

I agree, there are marked differences between the past and present economic conditions despite persisting challenges. The contemporary economy has undergone some form of growth and development that have increased accessibility to daily needs, which were highly inaccessible in the past. For instance, food is available to many people today, as well as access to education and health care, which was greatly insufficient in the past. Added to this, of course, are the new forms of income brought about by modern technology in the realms of gig work and online opportunities. And with the help of such innovations, individuals can now generate considerable amounts of money, even in the absence of any traditional employment.

Despite such advances, though, not all has changed: the disparities in economics still exist. Though some life elements have become different, poverty and economic deprivation continue, at times more and at times less. The ease with which goods and services are available today does not imply that all economic problems have vanished. The character of poverty and economic hardship has changed. An economy like today's sets up all sorts of new opportunities and conflicts, and one has to bear in mind that, notwithstanding the progress made, some really important issues remain.

Quote from: legendbtc on Today at 06:28:18 AM

Quote from: Hanadawa on Today at 04:26:49 AM

And on the other hand, the human population is also increasing every year. Fewer jobs and a growing population will be a serious problem because if someone does not get money to live, they have the potential to become a criminal.

Population growth means demand will increase and supply also needs to increase to meet demand so it is not correct to say that population growth will be a serious problem.

But the problem with population growth is that it is not distributed evenly and appropriately. I mean the population growth rate in developed countries is negligible while in underdeveloped countries the population growth rate is uncontrolled and too high. This has caused an imbalance between supply and demand worldwide, making life increasingly difficult for many people, especially those in third world countries.

In general, population growth has both advantages and disadvantages. The advantage is that we will have an abundant source of young human resources, ensuring the development of the world. The downside is that it can be harmful if the population grows too rapidly in underdeveloped countries, which will become a burden on that country's economy.

Yes, the increase in population is not a problem if the supply capacity meets the demand; the problem arises when this increase is uniformly distributed. In developing countries with rapid population growth, demand may not be much of a problem. On the other hand, in the developing countries, rapid population growth may outrun the capacity to raise productivity and result in severe imbalances. This disparity in growth contributes to serious problems as these countries try to meet the demand of a growing population, increasing vulnerability while deepening poverty and deprivation. Such an imbalance inherently calls for an addressing of deliberate efforts to manage growth and improve resource allocation toward an equitable and sustainable global environment.