THE CYBER WORLD AND INTENDING ECONOMIC GROWTH

I humbly welcome you all to my blog, I solely appreciate the curators here, steemskillshare, and everyone of you. As a prolific writer, I tend to put into writing from our daily activities, and world around us.

What do we intend to after this study?
After this study, my highly esteemed readers should be able to:

• Understand what is meant by Cyber, and it's relation to the world
• Get a clear view on the term Economic Growth, and it's role in a country
• Understand the relationship of both keywords (Cyber-world & Economic Growth)
• Importance of both
• It's positive, and negative impact on the economy
• Conclusion/Recommendation

First, let's take a look at the word Cyber
according to the Mobile English Dictionary was coined originally from the word cybernetics, before becoming a stand-alone word.
Cyber has diverse suffixes attached to it, some of which are: cyberattack, cybersecurity, cyberterrorism, cyberwarfare, cybercafé, cyberbully, etc. But our concern in this study is on Cyber-world.
Let's therefore delve into it.

So, what then is Cyber-world🤔

Cyber-world
The Cyber World, goes beyond the term Internet. It is a digital setting or an online environment where operators are actively involved in social interactions, having the capacity to affect or influence each other. The cyber-world is also known as cyberspace, it has interactory tool such as: Create media, share media and consume media.

How then does it relate to the world?
As explained above, it's a interactory parlance, where diverse activities occurs digitally.it therefore entails that one may not necessarily be present with his counterpart visually, but can virtually get in touch, and influence each other. Through different platforms such as Steemit, Facebook, Twitter, etc, people can now interact, share ideas, create awareness, and thus far as served as a precautionary measures because the Cyber world houses info-house (News).
Let's now look at the word Economic Growth

Economic Growth
The word economic growth simply means an increment in real output of goods and services in a country. Economic growth from it's contextual meaning is an explicit tool used in measuring a country's expansion in it's productive activities, it is measured either by Gross Domestic Product (GDP) Gross National Income (GNI). It's a consistent course whereby an economy increases in output of goods and services as well as rising levels of national income. It therefore implies that whenever there is a quantitative upsurge in a.country's input and output over certain period of time, we say economic growth has had it place. These quantitative expansion may include an increment in the level of income, increment in labour force and employment, increment in capital formation and savings, higher consumption and higher trade volumes.

How do both relate?
One can state that the Cyber-world and Economic Growth and not in blend. But just as water is needed to generated electricity but yet both don't do along, same applies here.

How🤔 one may be tempted to ask...

Economic Growth focuses on quantitative upsurge in a country's real output of goods, where as Cyber promotes trades done digitally, and now it the current trend of the cypto, economies are beginning to have low output, as more of the labour force don't show interest anymore on these real output but seek a means of say trade at thrilled (comfort zones). But so far, the Cyber-world has though helped the economic sector by creating an avenue where business partners get in touch, contracts are sourced for online, informations are shared across globes , and lots more.

Positivity/Negativity one must note
Today the Cyber World has created so many digitized platforms such that material wealth can be stored/saved, for both current and future use in different forms of which includes the crypto currencies. With this store of wealth it therefore depict that there are less pressure in our means to securing and storing of wealth, as finances gotten from trade, and other means are now not just saved, but invested, also traded at comfort zones, as we know that whenever one tends to make a withdraw of his invested wealth it comes as a plus reward to one capital, except in rare cases where reverse is the case.
With the Advent of crypto, it has really boost the global financial sector of individuals, investors, firms, etc. But permit me to state that it's really not a productive measure to economic growth, as economic growth tends to be valued on economic productivity

Conclusion/Recommendation
In a bid of wrap up, I would love to state that the cyber-world has created a very great opportunity to the world, as people tend to link with each other, its promotion of trade, faster flow of information, and lots more!!!. But here is what to note, as we in our diverse endeavours aspire to promote our sense of belonging digitally, we shouldn't let go of our materials, productive, and economic sectors, as this stand as a means for survival, therefore as growth in a certain (cyber) sector increases without a consideration to our physical productive activities, it would lead to state of disequilibrium and inflation would set in, as these necessary products life at some point may become scarce, hence inflating price of these scarce products. In the longrun we may come to realise that we enjoy from our non-physical productive activities, is a measure to an unsustained development thereby jeopardising the future generations.

I sincerely appreciate everyone of you who has taken time to go through my blog, blessings in you, more would be made available consecutively.
@solmusix

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