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What do you call someone who steals the wealth of the country?

Robin Hood :D lol


How does a business suffer because of piracy?

When someone steals from a business they are preventing that business from taking advantage of profit potential. When they pirate software or songs, the business loses a customer.


Is borrowing is equal to fiscal deficit?

Normally it should be. Once deficit; from where you are going to finance it? According to me there are three ways to overcome fiscal deficit 1) Theft to full-fill your requirement 2) Print the currency you require and 3) Borrow the funds for financing. The first part cannot be executed by any of the Govt., because Govt never steals. The second part will necessarily increase inflation (Too much of money will fetch less of goods) and Hence the third option is the best option, as financing can always be done by keeping mortgage equivalent to the borrowings. In this case also if the financing is not backed by the sufficient security, inflation is bound to rise.


Why are some people rich and why some are poor and what can poor nations do to become wealthy?

Rich people are rich because they have effectual control of significant amounts of the factors of production and employ those in lucrative ways, or because they are effectually privileged to extract payments from others. For example, some have talents that are valuable in the labour market, others have valuable skills (human capital), some own (directly or through companies) land, mines, fisheries (land) or valuable building, plant, and equipment (capital), and others have valuable reputations that make advertisers and movie-makers want them to appear in movies, advertisements, and sporting competitions (social capital). For further example, others are able to pay themselves huge salaries and bonuses out of the funds of companies that belong to other people, or use government authority to exact bribes and embezzle public funds and other assets. Poor people are poor because they lack valuable labour, land, capital, human capital, or social capital, or because they have disabilities that overwhelm their advantages, or because they squander their advantages, or because they are denied the opportunity to put their advantages to lucrative use (often because of lack of public infrastructure, because of defective legal and economic institutions, or because they are oppressed), or because they are exploited by monopsonists in the markets for their factors of production, or because they are oppressed, or because they are robbed, or because war destroys their assets and the markets for their assets. For poor countries to become wealthy the most important thing is not to have a war fought in their territory. Second most-important is not to have a corrupt government that steals public funds and public assets and extorts bribes. Other important things are to have efficient and effective enforcement of contracts with clear rules as to who owns what, adequate transport infrastructure, a large proportion of the people able to read and write, and an minimum of barriers to economic activity (such as regulations, fees, internal tariffs, restrictive licences, and burden of compliance with bureaucratic rules). Free foreign trade and free foreign investment help, too.


IF I WANT TO INVEST MY MONEY AND I HAVE ONLY TWO CHOICES FIRST IS RELIANCE COM. AND SECOND IS R.B.I. BONDS PLEASE SUGGEST ME WHERE I SHOULD INVEST MY MONEY AND WHY?

during this time, basically what yo invest are what is in the market and upcoming stuff. People are so into FO REX, MUTUAL FUNDS and so on... Personally I am wanting to have start up funds for a retail store, and why would you invest into something like a retail store?kindly check my proposal.. where are you located anyway? Since Solar industry in the Philippines hasn't boomed yet and will boom this year, for sure in a year, he will get his ROI at these times, I am looking for Venture Partner even though passive partner no problem at all. I am willing to be your partner for at least 5-10 years. This I am doing for my family, my kids who study, and since you helped in the starting of the business, I will definitely make sure that he gets what he deserves... earnings of net profit of 60% per quarter. . need start up funds..... asap before somebody else steals my idea... http://www.private-equity-singapore.com/index.php?option=com_rbids&task=viewbids&id=830&Itemid=9#bid michael_singson@rocketmail.com