Sunday, January 21, 2018

Religious authority

A  scholar  claimed that if we do good because  being instructed by God, then its not good enough .  Its  not own willing  and denying their within. They blamed religion has no authority over human ethical  behaviour and nature and termed this as “religious hijacking” which is catasrophic to human nature. Why religion  has to be final say in judging human conduct? Whats ur opinion?

Why economic growth fail to increase citizen happiness?

  1. Economy expansion is measure in term of their GDP (product or service produce in a time period).  Real GDP is what really concern in respect of a country economy growth which calculate in term of value and create of a new product and service compare to nominal GDP which only measure by increasing the price.
  2. Inflation is contributive factors of ecomomic crisis or recession.  It means that the economy cease to expand for two consecutive quarter in economy period. In another perspective an economy contracting real GDP for two quarter in the roll.
  3. Inflation happens can be explained  and  based on economc principle of demand and supply which determined the price of the goods and product. It occurs when  demand  is rising rapidly over expansion of an economy which based on producing product and service of a country.
  4. To control and counter measure inflation , govt and consumer have to reduce their spending which in turn help minimize inflation rate when it balance between spending and economic growth.
  5. Govt has to focus on how to develop economy by increase the number of product and service that is higher in value and innovative rather than just increasing the price.
  6. We can have situation of economic growth (real GDP is changing percapita) exist without economic development (economy evolve along a path or stages of development).
  7. In order to avoid Easterling paradox of an economy( beyond certain level GDP percapita, raises in income overtme failed to incresse citizens happiness) we have to make different of immeserating growth and inclusive growth. There are factors that effecting  to  happiness of residents which look at broader horizon . Factors are such as close private life, community and frens, financial situations, health, personal freedom, self esteem, work and health.
  8. Country may contracting immiserating growth when economic growth only benefits the rich , while jobless still exist. In another hand inclusive growth take place when the benefits of economic growth are widely shared by the residents of the country that is increasing its aggregate income. In different meaning its improving the overall social welfare of the country.