2017

Simple

Stratagems to battle
the economy

MOONO BASILA

If you don't do the best you can with what you happen to have
got, you'll never do the best you could have done with what you
should have had.

-Aris-

Abstract
This is a version of a PDF book written by Moono Basila, a Zambian citizen and recent
Economics Graduate from the University of Namibia .This book simply gives consumers
ideas on how to embark on the ever changing economy. Most people fail to adjust to the
drastic changes of the economy thereby making their standards of living very low. This gives
insight as well as encouragement to people that might have very little knowledge of various
ways in which to tackle the changing economy.

Mankind today is crossing a difficult, challenging period. After having crossed several phases of
development, going, one by one, through the agricultural and the industrial ones, without
abandoning the characteristics of the tradition, nowadays the economy and the society are facing
a new stage called the stage of knowledge (Haller, 2012). With time, global economy tends to
vary and consumers standards of living are affected directly or indirectly on a long term basis.
Few pointers can help consumers combat the economy with a positive strategy that helps them
stay afloat.
Promote economic growth through innovation
Innovation and start-ups fuel our economic growth. They are the ultimate job
creators who start with ingenious ideas, take risks and create value for the consumer.
Nations have been built by encouraging entrepreneurship and innovation (2013,
2015). Especially in our current economic downturn, it is crucial that we pursue
national policies that promote innovation to ensure that there will be enough
prosperity to carry on into the next generation. Being entrepreneurial does not require
large sums of money, explore your surroundings, set a target and establish your
market and GET INNOVATIVE.
Most business organisations of any size will probably have some form of business strategy (even
if it is not articulated in such terms). However the term business strategy is sometimes a
tenuous term and there are many different definitions and facets of a business strategy (2013,
2015).

Study your
environment

Establish a
market

"GET
CREATIVE"

Extra Income to meet your

Needs

An increasing number of people are looking for vibrant, diverse places to live and work. They
want more housing and transportation options and the ability to meet their daily needs.
Businesses want to be located in areas where they can attract customers and the best employees.
Local governments are eager to improve their communities to attract and retain residents and
businesses while maximizing limited resources available for infrastructure needs and service
delivery (PricewaterhouseCoopers Inc, 2014). Private developers and real estate investors are
trying to capitalize on their returns in a fragile economy with changing market preferences. Smart
growth approaches provide opportunities to meet all of these needs by linking economic
development efforts to real estate and public infrastructure investments that create places
attractive to businesses and people. Ten principles of smart growth were developed by the Smart
Growth Network, an organization of diverse partners who work to encourage development that
benefits the economy; community, public health, and the environment. Following these
principles, smart growth approaches can help create strong local economies, improve the quality
of life, and help protect environmental resourcesfor example, by reducing air pollution from
vehicles, by encouraging walking, bicycling, or taking transit; building more compactly to
protect ecologically sensitive land; or incorporating natural ways of collecting and filtering storm
water runoff.
The Trick of Saving
A little goes a long way; one saying with six words yet can get you places that you
want to be. Living in the now usually addles and blinds our long term means of
survival. Choosing any form of saving that proves sufficient to the consumer helps
prepare for long term shenanigans that the economy might throw your way in the
near future. Saving occurs when present consumption is delayed, and those
resources are instead used to enable capital investment. Remember! Every 0.5
savings you throw into reserve, gets you a tweak handier to future survival: GO
BIG.
Investment Tactic
Investment spending is an injection into the circular flow of income. There is a
reason that compounding - the ability to grow an investment by reinvesting the
earnings - was referred to by Albert Einstein as "the eighth wonder of the world."
The magic of compounding allows investors to generate wealth over time, and
requires only two things: the reinvestment of earnings and time. Many in the

business community have long recognized the importance of the link between places
that are good for the environment and places with strong economies that help
businesses thrive. Smart growth strategies create environments that encourage the
geographic concentration of people and businesses. Research on the economic
benefits of geographic concentration has shown that it increases the productivity and
innovation of businesses by improving access to diverse aspects such as: Educated
and skilled labor, suppliers and supporting businesses and outside knowledge gained
by face-to-face interactions among workers at different firms (Sustainable,
November 2013 ).For example, a 2004 study, Smart Growth is Smart Business,
found that:
Quality of life for employees and customers is critical for a successful business.
Reinvestment in established communities can reduce costs and boost profits for
businesses over the short and long terms.
Few pointers that can be used to help consumers dodge the demanding rise of needs
that are needed and yet cannot afford to have.

Take on more
risk

Learn by doing

INVESTOR

Test your skills

with trading
challenges

Efficient and
effective
human capital

Smart thinking not only applies to economists, opportunists or people that intend
to maximise their internal profits. Its a way of survival that consumers take on to
embark on economic changes that alter standards of living on every frontal of the
globe. Creativity not only paves way for employment but it defines the very use of

human brain that derives it to recover and imagine the unimaginable. The BIG
IDEA can be the very first massive undertaking of the human mind to bring out the
great potential energy stored in ones brain.

I IDEALISTIC

D DISTINGUISH

E ENTERPRENEUR

A ACTUALISE

Nonetheless, a mere continuation of current strategies will not suffice to meet all the desired
needs. Development is falling short and targets will be missed, including the reduction of
hunger, vulnerable employment. It is by far the greatest set of outcome that consumers looked
forward to but nonetheless offers an opportunity to think innovatively and GO BIG.
The evolutional leap is a remarkable one, but mercantilization generated the start of a deep
economic crisis coupled with two other and even stronger ones, the moral and the spiritual
crises. Innovative thinking not only ignites a flame to do more, explore more, create more, it
is gives a sense of independence and onward outlook; forging to the future with expectations
of a greater outcome, despite the economic challenges ahead.
According to (Haller, 2012), A country is able to develop fast when:
- Industries and people have the possibility to plan their activity on the long run, which
requires political, legislative and monetary stability;
- The results of economic activity depend on free initiative, on the efficient utilization of
resources, on efficient labour, etc.
- Investments are not sacrificed in favour of immediate consumption. When most of the
current incomes are reinvested, the productive capital increases and, consequently, the real
incomes too;

- The decisions regarding investments and production are correct, and the wealth
accumulated in time is adequately used to achieve assets as efficient as possible from an
economic standpoint;
- The degree of education and civilization rises and records a leap forward at the level of
consciousness;
- Any decision takes into consideration the protection and conservation of eco-system
(durable development);
- Economic, social, spiritual values are respected.
Development is a vital fragment of human existence and cannot be left in the hands of
scholars experienced researchers to mention but a few, but the very determination and force
to explore our minds as consumers and producers. Thinking BIG not only in the long run
maximises profits but paves way for technological advancement which is a key component
to real output. It has been shown throughout history that economic growth, or the increase in
real output and income, correlates directly with improvements in development factors like
expectancy, literacy rates, child mortality rates, distribution of income. According to
Socrates,

The

only

good

is

knowledge

and

the

only

evil

is

ignorance.

Works Cited
2013, W. E. (2015). Sustainable Development Challenges. Department of Economic and Social Affairs.
Haller, P. (2012). Concepts of Economic Growth and Development. Challenges of crisis and of
Knowledge. Economy Transdisciplinarity Cognition, 66-71.
(n.d.). http://www.economicsonline.co.uk.
PricewaterhouseCoopers Inc. (2014). Overview of VAT in Africa 2014. Cape Town:
PricewaterhouseCoopers Inc.
Sustainable, e. U. (November 2013 ). Smart Growth and Economic Success. EPA.