Contest - My Thoughts On The Global Recession | Future situation according to previous market and current market
Assalamualaikum
Everyone.I am @jannatmou
From #Bangladesh 18-Feb-2023
Hello, I hope by the grace of Allah you are all well, living a healthy and beautiful life, thanks to the blessings of all of you I am also well by the grace of Allah Alhamdulillah,I participate in this platform today with a plan to handle the future situation according to the previous market and the current market.Steem For Bangladesh community organized by @steem4bangladesh @ripon0630 Thank you very much for organizing a very interesting contest,I learned a lot here,let's start today's Predictions following the current situation competition
A recession has several characteristic features that can occur simultaneously, such as a fall in investment, business profits,and job opportunities. Although there is no single reliable indicator for determining a recession, the following factors can be considered as possible indicators.In these two years till the year, people have to buy goods at extra cost as per the market price. But in that ratio the main salary in the current job is very low.
| ✅01- Do you think we will face a global recession in the coming years? Based on what factors have you confirmed that there may be a global recession? |
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People have to pay extra price to follow the current market price, which leads people to the door of economic recession. Given the current market price, the government must give priority to the amount of land in the agricultural sector and the farmers.In these 2 years 2021-2023, we found out that 1 liter of soybean oil was consumed at the rate of 95 taka steem price-3.67 and the current oil price is 190 taka per liter steem price-7.34. Preparation should be taken.
Investing means planning to put your money into an asset or things that you think will increase in value or have great growth in the future. The basic idea behind investing is to generate a regular income or returns over a period of time.
The main driving force of the business is Customer Relationship. Efficient and quick supply of products according to customer demand ensures good relationship between buyer and seller.In today's competitive market, this good relationship survives mainly on sound management,and sound management is completely dependent on information technology or computer software. Without reducing systems and increasing efficiency through the latest technology,there is no alternative to sustaining the development of business organizations.
Pixabay
| ✅ 02-How do you think the global recession will affect the job market, and what skills and qualities will be most in demand in the future? |
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Many workers in the automobile industry have already lost their jobs due to the economic downturn. Economists have expressed the fear of the impact of financial recession on other sectors of the country. In this time of crisis, most of the people working in the private sector are suffering from uncertainty about their jobs. Will there be a job? Or will not? Many people are worried about this idea. Great uncertainty surrounds. It is possible to sense in advance whether there is a job or not. But for that it is important to pay attention to some aspects. Uncertainty arises for a number of reasons. The answer lies within those reasons.According to the current recession, people are suffering and the prices of goods are increasing, and the salary of the job is very low. People are not getting proper job according to their education.
Source
All Prepared by @jannatmou
At present, the population growth rate in Bangladesh will increase the density of people. Then it will affect the agricultural land. The amount of food production will be necessary. The amount of land will decrease. In the future, people will cry for food. People will have to buy food at an extreme price. The effect of food prices will be excessive. People will search for food every day where they can get a little cheaper. And then people will get very little healthy food. People will be affected by various diseases. It is important for us to be aware that the demand for agricultural food should increase.
| ✅ 03-What lessons can be learned from past global recessions, and how can these be applied to better prepare for future economic downturns? |
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The global depression that people all over the world fell into after the First and Second World Wars was truly deplorable. People's purchasing power decreased due to inflation in market prices. Through this we can learn that there should be a balance between the inflation of the market price and the purchasing power of the people.
Care should be taken to keep the market price under control. We need to increase our spending on agriculture. If we improve the agriculture sector, it will be possible to overcome the food crisis. Apart from this, you should keep your own employment and keep the money deposited in the bank as per the agreement, so that the economic recession can be overcome.
| ✅ 04-Do you have any prior preparation? What are they? |
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In the current situation of economic recession, everyone should prepare in advance to overcome it. Here are some of my own preparations - First I am depositing the rest of the power up that I am earning from working on this Steemit platform in my personal account. Then we have DPS open in our bank, where we are depositing a good amount. We are also adopting frugality to reduce costs on all products. Besides, another important thing that I have prepared to overcome the inflation of commodity prices is that we are cultivating crops on our own initiative in our arable land. So that we don't have to buy food rice and sell the rest in hard times. |
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I am inviting three of my friends on my behalf @toufiq777 @nakib07 & @m-fdo everyone thanks for reading my post,
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https://twitter.com/MJannatmou/status/1626850919047626752?t=q-NO150AGk03AOWvb9CuSw&s=19
Google image পরিহার করা উচিত। এর মধ্যে কপিরাইট infringment থাকার সম্ভাবনা রয়েছে। আপনাকে pixabay থেকে ছবি ব্যাবহার করার জন্য অনুরোধ করছি।
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Thanks for your valuable information. Shall I change the pictures?
Bro, chake your discord.
You have done an excellent job of explaining why a world recession could happen in the current context with the way commodity prices are rising. And the things you have mentioned about investment and business organization profiles as pre-preparation will be effective preparation to prevent the recession.Good luck for the contest .
You have read my article with great attention. I am very happy. Thank you very much from me. Best wishes to you always.
You discuss the topic so elaborately. It shows that you are really very concerned about this hot issue. All the best apu.
Thank you so much 🤗