Question

Do you believe the economy is developing?Why or why not?

Answer 1

Answer:

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The purpose of the economy should be to distribute the earth's resources such as food, water, land, minerals etc among human beings in a sustainable manner. Since every human is equal and can claim his/her rights for some or all of the resources how do we collectively decide who gets what.

To nobody's surprise, it says that “the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis.” The U.S. economy is projected to shrink this year by 5.9 percent and the euro area by 7.5 percent; China will grow at a measly 1.2 percent.

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Answer 2

Yes, I believe in Economy Development.

• Economic growth occurs when a country's production capacity increases.

• The country's producers of goods and services are able to make more stuff.

• Economic growth actually refers to an increase in GDP, which in turn leads to job creation and more employment.