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Universal Economics

Universal economics is the study of managing existing scarce means to discover new resources using modern science and technology. Here discovering new resources means transferring available resources into usable form. This is very time taking procedure. So as to remove time hindrance all nations should form together and provide funds for advanced space technology. Managing existing resources means effective usage of means for both satisfaction of human wants and discovering new resources without harming ecological structure In economics we learn that means are scarce but human wants are unlimited so there is high posibility of resources being exhausted. so it is required to discover new means and we need existing resouces to find them. Universal economics is a long chain continous process, as the new resources are discovered they should be again used to satisfy human wants and again to discover new means