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A Brief Outlook of the Economy of Pakistan — Time Lapse
Here we are going to discuss the economy of Pakistan from an omniscient perspective, or try to do so. We will start by discussing the economy of Pakistan in the past, and move on to the current situation and analyze it on the basis of what we have learned from the past. Discussing the reasons for the decline, and the aspects of development we will drive our final conclusion.
Economy:
All the social structures that take part in the production, consumption, distribution, and exchange of services and goods including natural resources, labor, capital, or any other economic agent make up the economy of the country.
Significance of Economy:
The economy is the most significant factor for a country as it directly relates to the development and sustainability of the country. So, countries with a better economy will enjoy a better place on earth with better chances of survival and entering in the list of first world countries. Just like China, though it is not militarily strong but it has good economy due to which people considered it to be the next hegemon (before COVID-19 outbreak).
