A simpler economy is another way to increase income and the number of jobs in the society, according to Mr. Jean Bakole, Regional Director of the United Nations Industrial Organization (UNIDO).
On a recent Wednesday in Abuja, Bakole made this statement to reporters.
According to him, the country might create more jobs and increase revenue for effective economic growth with a simpler economy.
”People see environment as eternal while UNIDO sees it as an opportunity for wealth creation.
” Through simpler economy, we can generate more jobs and generate more revenue for the nation.
” We are trying to see how we can recycle a number of waste products like solid, e, and plastic wastes.
” We see them as a number of ideas that can help in the challenges of big waste produced by huge population in the society.”
A fairly straightforward model of economic trade, according to the newsmen, is the simple economy.
A world where each individual randomly contributes one dollar to one other person in every time step, if they have any extra money to spare, is the setting for this thought experiment.
However, if they are short on cash, they refuse to distribute any.