Economics is not so much a science as art. This statement can be established emp irically.

Let us assume that we are living in as technically advance age as it i s now. We have free and unlimited access to all the comforts such as automobiles , airplanes, hospitals, lifestyle homes etc. Sounds good, isn t it? But, in reality, the fact of the matter is that an individual s access to every such thing that can be purchased is subjected to be earned. Here comes the role of currency which c an be exchanged against everything which we wish to buy. To register for Indopac Summit 2012 click http://hpe.asia/register.html Every country develops its own currency to assert its sovereignty. But when a co untry has to buy something from another country, it has to arrive at an exchange rate between the two. Everything that is produced by manufacturing or service o r mining is then evaluated in monetary terms. Buying selling, profit loss, GDP e tc. are the terms that have been introduced only to facilitate understanding of an economic action, or the result of it. An economic action is nothing else but an intended exercise for rightful distribution of assets and amenities around us . The more fruitful our action is, the more is our earning and the more is our c laim on the goods and commodity around us. Let us take another view. Suppose there was only one person on this earth. Natur ally, he would be the only ruler of the entire earth and its resources. It is an other matter that so much of resources would be of little use to him, and chance s are that he would find them useless. But the moment the population increases, the claimants of the earth and its resources increase too. They would either fig ht for it or would settle on sharing it amicably. After millennia of evolution, man has discovered a peaceful method of distribution of tradable commodities of his need; that is when the monetary system and economy came into existence. It m ay not be perfect. People are still deprived. But it engages people and drives t hem to constantly improve their skills and do their best. The improving human en deavour and volumes of technological and scientific feats that we see today are achieved so well only because there is an economic dimension to this. To Know mo re click http://hpe.asia/blog/ It would not be wrong to say that economic growth reflects all round growth of m ankind. Indopac Summit is a high-profile annually organized event initiated by F irst Charlton Communications, an Australian Media major. To take place in New De lhi on 2nd and 3rd of October this year, Indopac Summit would see attendance of a host of representatives from big corporate houses and multinationals who are i nterested in contributing to growth of India and the other countries of the Asia Pacific region. Dr Manmohan Singh, Christine Lagarde, David Wright, Doris Mags aysay Ho, James Shipton, John Prasetio, and the likes would be taking the dais to enlighten the roadmap of future economic growth strategy for India and other Asia Pacific region countries. Like our page on Facebook https://www.facebook.com/IndopacSummit2012?ref=hl Follow us on Twitter https://twitter.com/Indopac2012 Venue -: The Taj Hotel, 1, Mansingh Road, New Delhi. 110011 Contact Mr. Sanjeev Kalia +91-9811420446