Economic survey 2023

the primary and foremost important sector that runs into our minds About the word economics is -“transaction” since some service or product has to be transferred between two parties on behalf of money which forms a transaction, and the more the transaction more the economy of the nation or organization.

economist basically gets divided into two major segments the first that comes up is known as macroeconomics- which represents the economic survey of all the countries across the globe and the next is that. comes is known as microeconomics which deals with the transfer of goods and services on behalf of money and the study of one or two poly transactions is known as microeconomics.

the study of economics represents the philosophy of the world under what factors it is working and how can it change, simply observing the survey of macro and micro conditions the factor of correction of the market can be counted under play.

In this article, we will discuss the latest factors on which economic survey depends across the globe and within subordinate countries.

SOME MAJOR FACTORS OF THE SURVEY ACROSS THE GLOBE-

with the help of an economic survey, we determine the general rate of GDP and the general rate of inflation across the globe also with the increase in a large amount of debt, according to ray dalio we are at the edge of a large debt cycle that will bring the change in the world order. have a look at this video-

after going through this we will get some of the concepts ahead of what should be done and what is about to happen.

certain indicators to be applied to a country in order to understand its economic behavior, let us observe an example, India has a massive debt position and in order to overcome its debt it has to supply more innovation and increase its natural productivity. here is the debt position of India.

SOME MAJOR INDICATORS ON WHICH A COUNTRY CAN IMPROVE ITS ECONOMIC POSITION-

1. EDUCATION: This indicator measures basic and higher education, more profoundly the. education is more quality of the indicator.
2. INNOVATION & TECHNOLOGY –With the help of this indicator we can identify inventiveness, technological advancement, and entrepreneurship. This gives the half weight of the country’s absolute share of key innovation and metrics(eg. patents, researchers R&D, spending, venture capital funding).
3. COST COMPETITIVENESS- This indicator measures what one gets for what one pays. We want to see this because countries that produce the best at costs that are too expensive aren’t in good shape even though they rank high in quality.
4. ECONOMIC OUTPUT – This indicator explains the strength of countries economic resources. By measuring output primarily through GDP levels as a share of the world.
5. TRADE- This indicator explains how strong of an exporter a country is. It looks at the absolute level of country export.
6. MILITARY STRENGTH- This gauge is driven mostly by the absolute share of military spending and spending measured by the number of personnel, the number of nuclear weapons, and external factors of military capabilities.
7. FINANCIAL CENTRE- This indicator indicates the level of development and sizes of a country’s financial markets and financial centers. we look at absolute measures of transaction shares and market capitalization as well as external indices of the financial centers.
8. DEBT BURDEN – This indicator explains the combinations of debt to asset levels and the sizes of external and internal deficits. This is the most important indicator since it is the most reliable way because it has proven itself to be the most reliable way we have of foreshadowing declines in the value of real wealth.
9. EXTERNAL CONFLICTS- The part of external conflicts measure the levels of economic, political/cultural, and military conflict between pairs of major countries.
10. INTERNAL CONFLICT- We can call it an internal order of the country, as well as this indicator, which looks at how much domestic conflict and discontent there is.