Gentle intro

In today's economy, the growth is crucial. Without it, the overall wealth pool diminishes, forcing participants in the system to fiercely compete in order to, at the very least, maintain their current positions. This holds true for individuals, companies, and countries alike. Therefore, instances of prolonged economic stagnation inevitably result in heightened tensions within society or even on a global scale. This tension can manifest as strikes, revolts, or even wars.

This phenomenon can be likened to the behavior of gas. Just as a stable amount of gas experiences increased pressure when its volume decreases, a lack of growth leads to intensified societal and global pressures.

Okay we need growth

What is economic growth on a macro scale?

Lets start with Gross Domestic Product:

GDP = cost of all sold goods + cost of all provided services

SOOOoo

Now, here's the thing: we want to produce and sell more products, but there's a catch. Let's take car production as a tremendously simplified example. It involves a significant amount of metals and elements that aren't always easy to come by. So, if we want to increase the size of the economy by tenfold, we'd need to manufacture ten times as many cars and moreover sell them to people who probably already have cars. It is clearly impossible, there are serious limitations to such growth in terms of resources and market capacity, especially if we focus on specific countries.

This is where it gets tricky to drive economic growth just by selling more goods. This approach relies heavily on ongoing advancements in technology, but it is an extremely difficult, investment demanding way.

Essentially, the costs of all goods sold might remain relatively constant, and the actual economic growth emerges as a derivative of GDP. To put it simply, GDP's derivative is linked to a function that involves a constant and the costs of all services provided. Since the derivative of a constant is zero, the true essence of economic growth boils down to the growth of costs associated with provided services.

GDP’ = (Goods_cost + services_cost)’ = Goods_Cost’ + Services_Cost’ = 0 + Services_Cost’

So, if we're looking for a logical path to growth, it seems that focusing on expanding service sales is the most viable route. And guess what? That's precisely what's happening in the current landscape.

Check out this link I stumbled upon real quick while Googling – not exactly a deep dive into its sources, methods, or data credibility, or even topic which it covers but hey, it looks legit… I'm bet!

The Challenge of Service-Based Growth

Well, this seems intriguing – a neat concept indeed. But hold on a sec. What exactly holds back the potential of a service-based economy? It's essentially limited by the availability of human resources. This has led the service economy to naturally evolve into what we call a "GIG economy." This comes with trends like precarious workloads and rapid hiring and firing practices. And here we are, at a pivotal juncture.

In the world of technology and industry, progress isn't keeping up with the demands of the past. Meanwhile, the services market is reaching the edges of its growth capacity, absorbing as much labor as it possibly can, and not just low-qualified labor.

So, here's the question businesses are facing: What strategies can be the game-changers for future growth? In which sectors is it possible to carve out a market when the current economy, which isn't growing as fast as before, hits its limits? o_0

Metaverse!!!

The concept is straightforward: get users onto your platform, no matter what's happening behind the scenes – whether it's script running in the cloud or blockchain smart contracts. The real key is programming the logic to be able to create unique digital assets. Most prominent players in the metaverse scene are crafting virtual spaces, often centered around a finite resource like land. Picture it as Minecraft, but with a single server for everyone.

Your expenses here? Marketing and keeping the platform humming. The last buzz around the metaverse got a boost from Facebook's shift to "meta" about two years ago, along with NFT hype in blockchain tech. But let's be clear: the metaverse has been around for a while, subtly weaving itself into our gaming culture through platforms like Roblox and Steam.

Oh, and don't forget Apple's introduction of "glasses" a few months ago – a move following the same trend.

So, where's the growth potential? Well, the metaverse and its digital assets are definitely a major focus.

imho there is another field with a huge potential that could intertwine with metaverse, it is green energy. But that's a topic I probably won't delve into in the near future. I'd rather keep the blog more oriented towards the "crypto" realm.

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