Western Economic Education & Poverty in Third World
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Economic Theories and processes have deviated from the intent and nature path. The Ecconomics is all about people who produced the products & services, the Products& Services and the consumers who produce products and consumers. It is about The theories can be traced to Colonial days when Aggressing nations developed processes to create wealth from the natural resources (LAND) of colonized countries, Elite in the society close to aggressors as (investors) and Labor of Citizens and help the enterprise in generating wealth that was stashed away to addressing countries. While citizens were eligible only for labor (that too when there is a work to do) the wealth of the nation were shared between aggressors and the elite. Developed nations added a top layer, sharing of the nation's wealth with a formula 80:20, which erstwhile colonies, third world countries do not have. The entire wealth of the nation is either stashed away to other countries or cornered by Leaders & corporates only.