This is a question that often haunts the common man. Why can not our country print more notes, and everything will be fine! Allows you to understand the fundamental truth. There is a common misconception to think of human beings that resources and capital are limited resources that will one day run out of stock. Most of us go through life truly lived the thought that while the truth remains – the resources and money are the products of human will and imagination and creativity are almost limitless and endless. If the arch above the error, do not worry you are not alone in this assumption, which is one of the oldest human error. From the earliest days, the land is money, then there is the gold that is thought to be rich after oil was discovered, it was hailed as a game-changer when it came to describing the riches. But here’s the truth – the reality is really no such thing as a natural resource, except for the mind of man. Thanks to the theories of economists and thinkers down the ages, we seem to believe that the substance is of more importance than thought, while in fact the opposite is true. Let’s prove the statement by the following analogy: as of today, Israel’s GDP per capita of $ 27,651.80. Compare that to Saudi Arabia’s $ 19,021.60. Taiwan, Hong Kong and Singapore has no natural resources to speak of but they all have a higher standard of living than India or Russia, two countries that are rich in natural resources.

Also the fact remains that it does not explain the lack of wealth. If so, then my grandfather love letter to my grandmother would have been worth less than the price of the EMI on my car!

Money not wealth per se but to the citizens of the country in which to move. Money only helps smooth the progress of transactions. Thanks to the money, the dentist should not waste time hunting around for a barber to dental work at the same time that he needs a haircut! Which brings us to the moot point that real wealth is the goods and services that money can buy. If this were not so, any country can achieve wealth simply printing more coins! Hoarding gold or other precious metals is not a substitute for the real wealth in the economy. India, which has one of the largest supply of gold in the world would be a developed country by now, which is not the case – although we are getting there.

One last thought – a hundred years ago, it was not unusual for people to die prematurely of even something as casual as an infected boil . Even the rich Zamindar who was likely to be endowed with the best doctor that his money can buy, they would not have access to antibiotics that today could be purchased from the pharmacy is just around the corner for a hundred rupees! So would you rather have the Mukesh Ambani wealth and income in today’s world with an abundance of goods and services, or during our rich zamindars?