But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.
quote by Michael Polanyi
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The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market.
quote by Jacques Delors
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Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high.
quote by J.D. Hayworth
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Economic Development
Economic development is the precondition of higher living standard
Therefore we should focus on economic development at first
We know infrastructural development is a must
For economic development of any country
So the government should go for it in the first place
And if necessary they should go for partnership with private entrepreneurs
Now it’s an open market economy
If we want to take off to the sky of prosperity
We need to utilize our own resources including manpower
We need to figure out our competitive advantages
Because it’s not a hard task for us in the information era
Now-a-days tourism is a lucrative sector for any government
Because we are living in the time of globalization
Protectionism is now a history
That’s why
The role of commercial banks and other financial institutions
Is more pivotal than ever
They should provide loan to the industrialists
In such a manner and style
So that the latter can import cutting-edge tech
In order to survive in the fierce competition of open market
poem by Asif Andalib
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To talk about planning an economic system is to talk in old terms, and I find myself sometimes having to teach Westers about what the market really means.
quote by Vaclav Klaus
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Crisis In Our Economy
CRISIS IN OUR ECONOMY
Melvin Banggollay
C-risis in our economy
bellowing like the sea
put many in jeopardy
even government entity.
R-ise of oil prices everyday
put the world's economy
in the brink of ambiguity
putting many in poverty.
I-nvestment cost is heavy
as few can afford today
to create their own entity
for economic prosperity.
S-top curruption in any way
like stealing people's money
through ghost project today
by politicians of no dignity.
I-nstitute in our laws and policy
Currupting government money
is punishable by death penalty
even just by a single penny.
S-haring of wealth for the needy
be a motto of those somebody
like the rich and powerful family
can save many to die in poverty.
poem by Melvin Banggollay
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Trade-cycle
In a competitive market
National economy rolls like a wheel
In economics it is called trade-cycle
From economic recovery to boom
To slump to recovery to boom
Is a common phenomenon
In a competitive market
The boom does not last long
Because
The demand for products and services
Is limited in all countries
That’s why
The governments have a vital role to play
Especially during boom
The governments should monitor
And control industrial development
As much as possible
With a view to reduce labor cut
During slump
And they should hinder
Harmful investment
For the economy
During boom
Moreover
They should provide guidelines
For the entrepreneurs
During recovery
So that suitable investments
For the economy take place
In this way
A country can achieve its goal
Without going through
Economic hard times
poem by Asif Andalib
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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
quote by Thomas Sowell
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I think the market driven economic system is the most productive system, but to have that work in the world, you've got to also have social investments to go along with that.
quote by Mike Lowry
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It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.
quote by Hjalmar Schacht
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I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.
quote by Kim Dae Jung
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Drug prohibition has caused gang warfare and other violent crimes by raising the prices of drugs so much that vicious criminals enter the market to make astronomical profits, and addicts rob and steal to get money to pay the inflated prices for their drugs.
quote by Michael Badnarik
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When we think of the state of the economy, we are not thinking in terms of money flow. We are thinking in terms of the effect on everyday lives of people.
quote by Daw Aung San Suu Kyi
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What Is The Value Of Money?
Money we all know is a medium of exchange
Buyers and sellers relate to each other through money
The question here is – what is the value of money?
Few say money is the root of all evil
Many say money is the root of prosperity
And how valuable is money
Almost everything is measured by money
People go to work everyday because of money
Wealth of individuals is measured by money
All purchases and transactions are made by money
Every country has a name for its own money
The importance of some countries
In based on the value of their money
What is the value of money?
The rise and fall of foreign exchange
Is used to measure the value of money
Success to many is also measured by money
Corporate positions are measured by money
There are some people who marry for money
What is the value of money?
To many, money is everything
You cannot get many things done without money
Many have pondered and contemplated to ask
Can human beings live without money?
Then, how shall we determine and decide
The prices of individuals and materials
Differences between the rich and the poor
Are calculated in monetary terms
The power bestowed by money
Seems bigger than imagined
poem by Julius Babarinsa
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Having seen a non-market economy, I suddenly understood much better what I liked about a market economy.
quote by Esther Dyson
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The President also talked at length about how well the American economy is doing. Apparently, he got his information on this topic from his millionaire supporters. For the average working family, these are trying economic times.
quote by Jose Serrano
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There is no way for the American economic system to function without advertising. There is no other way to communicate enough information about enough products to enough people with enough speed.
quote by John O'Toole
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We need to reclaim our American system of limited government, low taxes, reasonable regulations, and sound money, which has blessed us with unprecedented prosperity. And it has done more to help the poor than any other economic system ever designed.
Money Plays with Us
When we are without money, we eat vegetables at home;
When we have money, we eat vegetables in a fine restaurant.
When we are without money, we ride bicycle to work;
When we have money, we ride bicycle to exercise.
When we are without money, we walks to eat food;
When we have money, we walks to burn food.
When we are without money, we wish to get married;
When we have money, we wish to get divorced.
When we are without money, we acts like a rich;
When we have money, we acts like a pauper.
We say share market is bad but we keep on speculating;
We say money is evil but we keep on craving for it.
We say high positions are risky but we keep on struggling for it;
We say gambling & drinking is bad but we keeps on indulging on it.
O People!
Be content with whatever you have
And thank God for whatever you have
poem by Imran Khan
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Well, there's a question as to what sort of information is important in the world, what sort of information can achieve reform. And there's a lot of information. So information that organizations are spending economic effort into concealing, that's a really good signal that when the information gets out, there's a hope of it doing some good.
quote by Julian Assange
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Every physical system registers information, and just by evolving in time, by doing its thing, it changes that information, transforms that information, or, if you like, processes that information.
quote by Seth Lloyd
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