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Why Savings is Important?

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  Why savings is important?  It may be common to talk about saving money but it is crucial to have savings in life. Though money is the root of all evil. Money is like our human organs which synchronize and circulates in our life, eventually makes people healthy as well as wealthy. Now let's look at some reasons why savings is important. Savings is Must I.  Helps in Emergency Mishap House Fire  Savings helps us during emergencies such as mishap, house fire, and natural calamities. Likewise, savings can rescue people at once who are in financial crisis. Natural disaster II. To Achieve Goals in Life Wristwatch Laptop  Your savings can also aid you to claim rewards in the form of accumulated money. To achieve short term goals such as to purchase jackets and wristwatch. In addition, to reach medium term goals like to buy laptop and computers. Build/Purchase House Moreover, the accumulated money can even help us to attain long term goals such as to purchase house and...
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Inclusive Growth is Better Than Other Types of Economic Growth

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Inclusive Growth is the Best Growth for an Economy Inclusive Growth An economic growth is the increase in the value of an economy’s goods and services, which creates more profit for businesses. In the whole globe, countries will only get fully develop when there is proper initial growth because without growth, the development will never occur in the entire economic world. To stress on economic growth, the modern economic growth was initiated in the 18th century. As time passed, the economic growth also started to expand similar to the ripples in the pond, when the stones have fallen in the water. Gradually, in the 19th century, the whole world started to spread the economic growth to the other parts of the globe. There are six types of economic growth. However, three of them are not completely focused on that are extensive growth, unbalance growth and exclusive growth. Thus, other three types of growth is much stressed on such as intensive growth, balance growth and inclusive growth. ...
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Problems Faced by Bhutanese Economy

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            Issues of Stabilization in Bhutan Source In today’s generation, the whole world is all the time in a state of dynamic. As globalization has been taking place since 1820s, all across the world. None of the countries have disagreed to join the international trade as countries realized, the beauty and aura of participating in the global economy and even Bhutan followed the trend of globalization. Due to scarce resources, economistsfigured out a single country cannot produce everything by their own. Thus, to maintain the economic stability, trade was initiated world widely where countries started to exchange the ideas, cultures, money and various factors of production. However, when these things have been transacted amongst nations, economists faced an issues of imbalance in fiscal policy, monetary policy and external sectors. The disparity of fiscal policy in Bhutan is primarily, the impact of Covid-19 and the fiscal deficit in Bhutan is predicted ...
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What is Economics?

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Many of us wonder what exactly Economics is all about? Some people think Economics is the study of money, or Economics is the another word for accounting whereas others say Economics is difficult don't ever take economics . Well none of the above definitions precisely describe what economics is all about because Economics is a social science concerned with the production, distribution , and consumption of goods and services. In other words, Economics is the study of allocation of scarce resources, alternative uses of resources and management of resources for the sustainable growth and development of the country, people and the government.  What is Economics? Likewise, Economics is the study of choices since wants are unlimited whereas resources are limited. Thus, people need to make a good choices to avoid crisis in the future. All economics questions can be fall under Positive or Normative. If there is questions such as What is? Why people use money? and when there is ...
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