The document discusses how citizens can contribute more to a country's economy. It defines economy as the system by which money, industry, and trade are organized in a country. A country's wealth is measured by its GDP, which is the total value of goods and services produced domestically over a period. Citizens contribute economically by producing goods and services, which leads to business and economic growth over time. They also support each other as consumers of domestic products. Tourism is highlighted as a key industry and source of income for some countries, as tourists also contribute to the local economy. Overall, the document argues that citizens play a more important role than leaders in a country's economic success.
The document discusses how citizens can contribute more to a country's economy. It defines economy as the system by which money, industry, and trade are organized in a country. A country's wealth is measured by its GDP, which is the total value of goods and services produced domestically over a period. Citizens contribute economically by producing goods and services, which leads to business and economic growth over time. They also support each other as consumers of domestic products. Tourism is highlighted as a key industry and source of income for some countries, as tourists also contribute to the local economy. Overall, the document argues that citizens play a more important role than leaders in a country's economic success.
The document discusses how citizens can contribute more to a country's economy. It defines economy as the system by which money, industry, and trade are organized in a country. A country's wealth is measured by its GDP, which is the total value of goods and services produced domestically over a period. Citizens contribute economically by producing goods and services, which leads to business and economic growth over time. They also support each other as consumers of domestic products. Tourism is highlighted as a key industry and source of income for some countries, as tourists also contribute to the local economy. Overall, the document argues that citizens play a more important role than leaders in a country's economic success.
SO NOW LET’S MOVE ON TO OUR NEXT POINT WHICH IS HOW A CITIZEN CONTRIBUTE
MORE TO THE COUNTRY IN TERMS OF ECONOMY. FIRST OF ALL, WHAT IS MEANT BY
ECONOMY? HOW DOES IT MAKE A COUNTRY WEALTHY? ECONOMY FOR A COUNTRY IS THE SYSTEM BY WHICH MONEY, INDUSTRY, AND TRADE ARE ORGANIZED. IT CAN MEASURED BY GDP WHICH MEAN GROSS DOMESTIC PRODUCT. GDP CAN BE CALCULATED BY ADDING UP ALL OF THE MONEY SPENT BY THE CONSUMERS, BUSINESS, GOVERNMENT IN A GIVEN TIME. IF A COUNTRY’S GDP IS HIGH, THAT MEANS THAT THE COUNTRY IS WEALTHY. WE CAN TAKE SOME COUNTRY’S GDP FOR EXAMPLE TO KNOW HOW RICH THEY ARE. United States (GDP: 20.49 trillion) China (GDP: 13.4 trillion) Japan: (GDP: 4.97 trillion) MOREOVER, ECONOMICAL GROWTH OF A COUNTRY CAN BE INCREASE IN THE GROWTH OF PRODUCTION OF GOODS AND SERVICES OVER A PERIOD OF TIME, WHICH IS CREATED BY THE CITIZENS AND NOT BY THE LEADERS. THE HIGHER GROWTH LEADS TO HIGHER TAX REVENUES AND THIS ENABLES THE GOVERNMENT CAN SPEND MORE ON PUBLIC SERVICES, SUCH AS HEALTH CARE AND EDUCATION AND MORE. MOSTLY, CITIZENS ARE THE BEING THE CONSUMERS OF THE PRODUCTS THAT IS CREATED. BY THAT THEY ARE SUPPORTING EACH OTHERS BACK TOGETHER. ADD ON, MY ANOTHER POINT IS TOURISM. FOR SOME COUNTRIES LIKE FRANCE, SPAIN, USA, AND CHINA TOURISM IS THE MAIN SOURCE OF INCOME FOR THEIR COUNTRIES. FOR AN EXAMPLE, IN 2018, THERE WERE TOTALLY 89.4 MILLIONS OF TOURISTS CAME TO FRANCE TO VISIT THE EIFIL TOWER. AS FOR MENTION, TOURISTS ARE ALSO A COUNTRY’S CITIZEN. AND THAT MAKES CLEAR THAT CITIZENS ARE MORE INVOLVING IN SUCCESS OF A COUNTRY THAN ITS LEADERS.