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The idea is to circulate money in a given economy at any size. Some wealthy people have a bigger circle that contains a larger population and on the other side, the less wealthy individuals have a smaller circle under their arms. It all depends on how YOU are satisfied with your life as an entrepreneur or business owner. If you are operating a business, you definitely have some employees working for you. Small businesses, typically don't have control over the amount of salary they pay and the way that the salary is spent by the employee. However, the economist needs to know how the salary paid is spent because he thrives to run an economy. Control over money in other words is essential to his duty. He wants to know how much people spend on goods and services. And that is what drives the context of economic growth in an industry.
Listen to your podcast:
www.iconsmat.com.au/podcast
The idea is to circulate money in a given economy at any size. Some wealthy people have a bigger circle that contains a larger population and on the other side, the less wealthy individuals have a smaller circle under their arms. It all depends on how YOU are satisfied with your life as an entrepreneur or business owner. If you are operating a business, you definitely have some employees working for you. Small businesses, typically don't have control over the amount of salary they pay and the way that the salary is spent by the employee. However, the economist needs to know how the salary paid is spent because he thrives to run an economy. Control over money in other words is essential to his duty. He wants to know how much people spend on goods and services. And that is what drives the context of economic growth in an industry.
Listen to your podcast:
www.iconsmat.com.au/podcast