why our country is still poor behind other countries,they can print more notes 'y' they can't?

Question

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Answer 1

If any country is poor, it means the country does not able to meet the requirements of all its people.

Requirements are basic like food, housing, health, education etc.. as well as others like recreation, comforts etc.. To meet all these requirements the country should produce them or import them and people should have power to purchase them ( We presume nothing comes for free distribution).

If we give money to all people (by printing currency) without increasing the products (like food), obviously some cannot meet their requirements. who are these 'some' people.? When there is shortage of products, everyone tends to offer more money to buy products and people in the lower rung cannot buy at increased prices (called as inflation).

Now, why cannot we import by printing currency? The value of our currency is also measured internationally with its power to purchase. When the same amount of currency can purchase less goods, obviously its international value is down and we cannot import at cheaper rates.

However, if we have leaders with proper economic and social vision (social vision is required for equitable distribution), we can overcome these problems. Basically our problem is not being poor, but not having vision, commitment, honesty and determination.

Answer 2

As for as the circulation of coins and notes concerned, you feel the country is poor. whereas our country basically of barter economy. Even today, there are weekly shoppings in our villages where the commondities are exchanged for other commodities and the animals are exchanged vice versa and even the pulses are given for needy items. You see the purchasing and selling through money / coins and currency in towns, cities and so called developed countries. Hence, under such present position and circumstances, issuing of or printing more national currency will not arise.

Answer 3

hello,
if you print notes ultimately,they reach the hands of the people i.e.consumers. Therefore when the money in the hands of the consumer increases, there is a tendency of the people to consume more.This creates shortage of goods in the market,when there are less goods and more buyers,the price of article increases.This is called inflation.So the prices increase and ven there is no or little money in the hands of poor people. so they cant afford to buy goods.When these goods happen to be essential commodities like food articles? oof a big problem.so money is not printed excessively.not only this there are other complex problems as well.

Answer 4

if u really know economics then u wouldnt have asked this question. if we print more notes it will result only in inflation
the better way to make our country rich is to abolish corruption bcoz our government has got so many good plans and its allocating a huge money in it (whether from inhouse funds or getting loan from world bank) but in between politicans loot that money and people are not getting benefitted.

Answer 5

I think our country is not poor our country people is poor.Because our country people are lazy and not work hard .Villagers run to big country (sahar ).They understand sahar is the best options of earning .Our best ,educated people want working in foreign country.Our government is corrupt .

Answer 6

we can't print currency indiscriminately. india is poor because of various reasons. population explosion is the major reason. 35% of the population are below the poverty line. the fruits of privatization,globalization are not reaching the lowest strata of the society. if agriculture,industry and services are developed properly the poverty can be eliminated.corruption is the biggest draback in our country and it is the reason why poverty is growing.

Answer 7

the currency would still have the same exchange value, so even if u had trillions of notes, u'd still have to pay the exchange rate value for ur imports

Answer 8

hi nikita
it is not easy as we say there are many rules and regulations to print.and it needs money to bring the paper for money printing.as population is growing unemployment is increasing and bcoz of that annual income of country is reducing.

Answer 9

They cant print notes ...the value of currency is always equal
to gold reserve . thats why when inflation rises . govt buys gold . with currency appreciation gold will also go up.

Answer 10

Because that would raise inflation and just make everything more expensive. You still wouldn't be able to buy it.