Post
Topic
Board Economics
Re: The economy is not hard
by
itorai
on 21/12/2024, 22:53:57 UTC

You guys just type what comes to your mind without considering other things about life. Hard economy means hardship everything about the country, with hardship you should expect business to fail and expect companies to go bankruptcy, expect shortage of sells when people do less patronage and that's means more companies will have to fold up and other investors will running away with their money to invest elsewhere, this why bad economy isn't good.

Do you think everyone in the country will be able to manage if there is high inflation? No matter amount of money you earn, once there is general increase in price of goods and services, you will feel like crying because your purchasing power has just been reduce depending on high the inflation goes. Even if you earn in a million and you experience 20% of inflation, just know that you know longer earn $1m, you now earn $800k, this is why hard economy is bad.

In terms of economic difficulties, it is the first in the life that we live, especially with the inflation rate which makes the value of money become less, and that makes it a difficulty that must be faced, the pressure on the economy which continues to be difficult makes us work even harder, even so, to achieve the welfare that we hope for is difficult to achieve.