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In: Economics

hi! can you make me a long essay with theme "Improving Quality on Economics" It's up...

hi! can you make me a long essay with theme "Improving Quality on Economics" It's up to you what did u waant to improving as long as its economic topic. min 300 words and dont copy from the internet. thank you

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Expert Solution

  IMPROVE QUALITY ON ECONOMICS

INTRODUCTION:

" ECONOMICS IS THE STUDY OF HOW SOCIETIES USE SCARCE RESOURCES TO PRODUCE VALUABLE COMMODITIES AND DISTRIBUTE THEM AMONG DIFFERENT PEOPLE. - PAUL.A.SAMUELSON"

  • Economics is the science of studying how choices are made under scarcity.
  • It is also a study of how people allocate their limited resources to satisfying their unlimited wants.

QUALITIES TO BE IMPROVED IN ECONOMICS:

There are certain qualities to be developed in Economics in their growth. Such as:

  1. Unemployment
  2. Standard of living
  3. Education
  4. Environment

UNEMPLOYMENT:

Unemployment leads to lower economic growth. It has become a major problem which affects the life of the people by health, economy, and community. The causes of this situation are increased population, rapid technological change, lack of education & skills and rising costs. Slow economic growth is also the main cause of unemployment.  

STANDARD OF LIVING:

Lower living standards will relate to low income, malnutrition, less medical care, less well in school, lack of jobs, low quality of life. These leads to higher risk, risk high mortality and reduced life expectancy. The causes of this situation which are associated with lack of education, high divorce rate, a culture of poverty, one cause is also illiteracy overpopulation, epidemic diseases such as AIDS and malaria and environmental problem such as lack of rainfall.

EDUCATION:

Illiteracy will also lead the economy towards lower economic growth. Lack of funds, expensive higher education, neglect of Indian languages, the problem of brain drain, mass illiteracy, wastage of resources, general education-oriented and problems of primary education are some of the problems faced by the economy in the education system.

ENVIRONMENT:

Economics is concerned with the optimal distribution of scarce resources. It should be able to play an important role in protecting the environment and overcoming market failure that is often the cause of environmental problems. Economic growth will bring serious environmental problems such as water pollution, air pollution, ozone depletion, and acid rain.

RECOMMENDATIONS FOR IMPROVE QUALITY OF ECONOMICS:

  • Spending less on health services but instead focuses on a healthier way of living, with exercises, healthy diets, proper management of time.
  • People could choose to work fewer hours, giving chance to raise employment in the economy. Resulting in an unemployed population getting a part-time job. The whole economy will be able to work more as well as, more people to work.
  • By choosing to work less, families allow also themselves more time to spend with their children and giving them a better family life resulting in a better-educated future.
  • Imposing a tax on development, putting severe penalties on pollution that may arise can be another way to put a brake to harmful development and a way to promote sustainable development of the economy.

CONCLUSION:

Counter-productivity is the problem that will sooner or later hit every economy, to reduce the impacts it can have some measures need to be taken. Sustainability of the development, which always bearing in mind that every action can cause a reaction, and efficient use of resources would be a benefit for future generations. We don't have the right to be individualistic. Before people didn't really realize that they could run out of resources at some point, they thought it would be here indefinitely, and we have reached a point now where everything becoming scarce. Now, we know that our actions will have some effects on future generations; we have this knowledge and need to make most of it. Protection of the environment we live in, the protection of our people, and the sustainability of our development.


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