Kingdom Capital & Associates, Inc.



    In an ever changing global economy it is important to understand change all around you, whether its the changes in the economy and its effects right down to the changes that come in ones personal life, because  of the economic adjustments we are faced with or  the fact that life in and of itself brings change. Economics is a word often used especially in today's market and in order for one to attain any level of success one must first understand what it is and its purpose.
    Economics: Is the science that deals with the production, distribution and consumption of commodities. It is the study of production and distribution of money and goods, the study of how people use their limited resources in an attempt to satisfy unlimited wants.  Note: Economics is generally understood to concern behavior that, given the scarcity of means, it arises to achieve certain ends.  When scarcity ceases, conventional economic theory may no longer be applicable.
    Affluent Society: A society in which scarcity of resources is NOT a predominant condition, and most members of society have achieved a general level of economic well being. Note: Conventional economic theory is based on the assumption that resources are scarce.  Therefore, it makes increasing production in the private sector and limiting interference and regulation from the government a priority.
    The continued pursuit of conventional economic objectives in an affluent society leads to the postwar conditions of America: private sector affluence and public-sector squalor.  For example, affluence in the private sector led to the mass availability of automobiles.  Because public-sector interference (in the form of regulation and taxation) was discouraged, however governments could not afford to build adequate roadways to accommodate these automobiles.
Private Sector: The area of a nation's economy under private rather than governmental control.  The part of an economy in which goods and services are produced by individuals and companies as opposed to the government, which controls the public sector.

    This was just a little history and a few definitions on economics to better help give some insight on what is meant when we hear economics mentioned.  
   As we continue to find ourselves in an ever changing global economy where the world and its economics are interlinked, and with the infusion of Covid-19 and it's global effect, causing the world to become an even smaller place to live. That said it is vitally important to understand economics from a much more broader dynamic than just our own little personal and American world, however narrow or broad we may perceive that to be.  It becomes increasingly important to recapture our destiny by grabbing a hold of every aspect of our lives, not limited to but including our families, finances, dreams and visions. 
   To no longer entrust those precious commodities into the hands of others directing our future, but rather to have full perspective on matters of importance as it pertains to our lives and position oneself to instruct and obtain guidance when and where needed.  I'm constantly reminded of the question I've often asked myself: are you a thermostat or a thermometer?  For a thermometer adjust to the temperature, while a thermostat changes or sets the temperature.  Which one are you?