We All are Wrong in Economics
Every necessary product like one sack of cement, one bundle of iron, 1 kg of foods anything which finally we need to run our life. From all that products, government take tax, banks take an interest, insurance takes premium, advertising agencies take a commission, investors take profit, all middle channels take profit that’s why all necessary products are being expensive so that people cannot buy that product who are working to make it on the factory by seating lower-level workers. Those people, who are working to make cement in a factory in whole life even cannot buy a home for themself means something is wrong in our economic model.
Economics is about the exchange of labour and products. Labour is used to make products and those products were exchanged each other directly in ancient age but currently, we are using money to exchange it but unfortunately, most of the people are busy to increase money without produce necessary products which are really useful to use, that’s why all products are being expensive.
We need investors, investors need banks. Insurance, advertising agency, government etc but we can reduce those all-related expenses and can make cheap products which everyone can buy even working by seating lower-level work.
People are being jobless, banks are facing a high liquidity problem, resources are not being used, this situation only can happen due to lack of economics but unfortunately, we can see every country is facing the same kind of problem.
In a developed country, most of the jobs will be done by machine, robots and AI near future, then what will be the solution for people job. After being jobless, people can not buy products, how the economy will be run. The economy will be jammed and trapped.
To get rid of all this kind of problem, please read this book, you will get innovative ideas to solve all this problem.
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