Comments

WHAT IS REAL ECONOMIC DEVELOPMENT? Economy of a country will stabilize and improve if businesses concentrate on how they can improve the living standards of people by making available basic necessities at the LOWEST POSSIBLE price so that people are left enough from their earnings to invest in housing, cars, etc. However, if businesses focus on how they can sell things by creating artificial demand and marketing techniques and make substantial profits, even though the things are more intended for higher income people or imitation of the same for middle class, the economy grows in a lopsided manner. US economy is faltering because of excessive concentration of profit making. Governments can help by strict price control of basic needs and substantial taxing of things which are wanted but not necessarily needed. Uneven development of society and economy thus be found to be the result of focus production and sale of unnecessary things. Advertisements and promotions should focus more on