New Economy Model “Realism”.
We may end poverty, reduce pollution, reduce immigration and inequality problems from the world, if we able to think in a new way that’s why we should always think about this matter in a different way, always many possibilities may be come out in economics so I have tried to make new economy model, called “Realism Model”. In this model people must be provided best products and services by working as fewer as hours and as less as damaging the nature, to achieve those targets, all economic activities must be focused and run in really necessary areas called “Realism Model”
Before creating any new economy model, we should know about the feature of money. Money is just mediator of a transaction; it plays a role to facilitate the transaction. It is just assumed value of a real product like foods, clothes, home etc. After understanding the nature of money, we should not create a situation to increase money value without producing useful products and services. If money is increased without producing any useful products, then we can have got a huge amount of money and profit in our account but products and services may be a shortage in the market. If people are engaged by doing unnecessary work and unproductive work regarding increase profit and money value then how we can get necessary products and services in the market. If a huge number of people are doing in unproductive work, then who are making productive products and services. I want to make more clarifying by example, in my village, there are 100 families, all family are holding single, single cow for milk. One-person of every family should be working 4 hours per day for a cow. Means total working hours per month for cow equal to 4*100*30 =12000 hours. If they make one cow farming by gathering all 100 cows then only 25 people can do all cow-related work by working 4 hours per day means total working hours equal to 25*4*30 = 3000 hours. They can save around 9000 working hours per month by using a new cow farming model then they can use those saving hours to produce another useful product which is saved the big loss of economy.
We can see around the world; in so many fields, people are busy for doing unproductive work that’s why all products and services are being expensive by that reason even people of a most developed country like the USA, should pay an instalment of home and car in whole life then how we can say that the USA is the great economy country around the world. It is all about the only great country by calculating accounting monetary value and vacuum profit, which is happened by lack of knowledge of real economics. I want to make more clarifying by example, assumed there are 2000 people in one country. Among them, 1000 people have been working really necessary fields for making foods, clothes, home, and car and another 1000 people have been doing unproductive work like cutting grass and throwing river without reason. By working 1000 people around 20 years in really necessary areas, they able to make 2000 homes and 2000 cars if all 2000 people have worked to make homes and cars then they can make within 10 years. They will get home and car by working less 10 years than before. By applying the above simple example, the whole people of the USA can pay their loan of home and car within 5 years. Human life is not for only making home and car, people have so much creative mind using those mind people can create so many innovative products which can make our life very easy but our economy model compels to people to work whole life for only getting food, clothes, home and car, then when they can use the creative mind for innovative creation. We are compelled to do hard work in whole life by applying bad economy model upon humanity.
After applying the “Realism Model”, we can remove so many unproductive works from the economy and we can focus only in necessary areas after that people get more products and services by working fewer hours than before.
after applying this model people get all necessary products and services inside their country that helps to end poverty and reduce immigration, after reducing unnecessary competition, reduce unnecessary production regarding profit motive, can reduce pollution.
To know about in details "Realism Model" please read my previous article where I described it, the article " New Economy Model Realism"
Author – Padam Prasad Chalise
Master in Business Studies, from Tribhuvan University.
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