Quote from: summonerrk on May 13, 2025, 06:01:17 AM

Quote from: BitcoinAleph on January 21, 2025, 04:58:24 AM

The basic economics problens of society arise because of scarcity of resources.
Every society has to address three basic problems of daily living namely: what commodities to produce;how to produce them; for whom to produce these goods and services; and how to distribute. It must ration resources over time as well as maintain the current level of output and strive to achieve economic growth in the society

In the world, the most powerful countries in economic terms are usually those countries that initially had a huge amount of resources stored in the ground, such as Saudi Arabia or Russia. But if those in power in a country do not have an economic streak, they can easily leave their country poor even in this situation. But if they are smart, the country will prosper even without resources. For example, Switzerland does not have so many resources, and in general it is a small country with mountainous terrain. But their government managed to integrate their internal processes of the banking system so well that this country, even without resources, was able to become rich and prosperous due to the storage of other people's money.

But unfortunately the number of countries that have the criteria as you mentioned is very small. Those who have natural resources have governments that have integrity and honesty so that resources can be managed well and provide their citizens with a decent life without having to work hard to succeed. On the other hand, countries with limited resources have very smart governments that can take advantage of the geographical advantages of their region. Like Switzerland which has beautiful nature and very good banking. Or like Singapore which takes advantage of the Malacca Strait and expedition services that make them one of the important routes in world trade. Unfortunately not all countries are like that. And talking about countries that provide a decent life for their citizens I think only countries with a socialist ideology can do it. As for capitalist countries, they need rich nationalist businessmen to give people a decent life.