User talk:Reddysreenu

 ECONOMY and POWERTY         An economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services. Simply  we can say the term economy means the capacity building for the fulfilment of growing phisical needs of human community for a desired comfortful living in a perticular country or in a particular area.    A middle class american can travel anywhere in the world but an average rich Sudanian cannot travel why? The american economy is fully developed and the Sudan`s economy is under-developed. A middle class american`s earning …. may be 50 times or more of an average rich Sudanian`s but the work burdern of the both may be same but the value of the labour is determined by the economy of the country!    Why the value of dollar is high when compared with an Indian rupee? The american goods and services are required to the world community and for getteing the goods and services from the American traders dollars are needed and for getting dollars they sell their products and services to others in exchange of dollars. Thus a demand for dollars has increased its value when compared with other currencies. And later even if no demand for the goods and services from America the countries are accepting the dollar because other countries whose services and products are needed also accepting the same dollar thus the demand for the dollar has become a permanent demand and the american economy stood as the supreme economy. Now the Euro has entered the global economy and since its launching it is gaining the ground and the dollar is gradually weekening. Euro is the common currency for the whole Europian countries and thus the demand for dollar has decreased and its value also decreased. The goods and services from the Europe may be in much demand when compared with the goods and services from the USA because of the presence of multiple countries in Europe with multiple products and services.    Suppose for example let us think that you can make a car with your knowledge and you can make a television with your knowledge and you can make a small aeroplane  with your knowledge. If you are in SUDAN you cannot implement your project in SUDAN but you can do it in USA! How? Because of developed economy! Yes… in USA you can get any type of parts required and you can design any type of products with the facilities available there. Whereas in SUDAN  there is no such facility and no such parts are available and if you still thinking about your project then you must import from USA or from some other developed country. Thus for the development of underdeveloped countries the goods and services of developed nations are necessary and the demand for the currencies of developed countries<span style="mso-spacerun: yes"> exists until the full development is achieved in all parts of the world.<o:p> </o:p> <p style="text-align:justify;background:#F8FCFF"> The business process outsourcing(BPO) has made it possible for some countries like India and China to improve their economic growth but still the rich and poor gap is increasing in these countries because the poor are not in a competative position to take adavatage of the growing economy, The number of poor may be equal to the population of any one developed country. Thus the economic growth in such countries has become a meaning less growth which increases social crimes and social inequality. The wealth is being accumulated in the hands of a few people and making other people helplessly to depend on this neo rich community. This type of growth in the economy of a country should not be ecouraged. How to stop this vicious circle of poor to become too poor and the rich become too rich?<o:p> </o:p>