Any concept qualified with the adjective ‘economic’ has something to do with the economy. And economy is all about the financial, material, manpower, mineral resources and welfare of entities.
These entities could be individuals, families, corporate bodies, states or nations.
Wonders is a state of emotional excitement and surprises. Anything that generates palpable wonders is usually new in its operative environment.
Inventions and innovations are dual concepts that create new things and improve on existing ones.
Production is the making of goods and services available where, when and how they are needed.
The caption of this article, therefore, refers to the wonders of great inventions, innovations and productions of economic values.
Humans have done much in this regard. They have exercised their creative abilities to fill the earth and subdue it.
Think of the following inventions and innovations, and the wonders of their productions.
The communication industry and its gadgets of great wonders like, radios, televisions, telegrams, telephones, the internet, handsets etc.
The transportation industry has shriveled hitherto long distances into arms length.
This has been made possible with bicycles, motorcycles, motor vehicles, aeroplanes , trains, ships etc.
The engineering industry has designed and built houses, roads, bridges, stadiums, dams, embarkments etc.
The agricultural industry has not only produced food, but has also created many employment opportunities.
All these and more have been sources of great wonders and also of economic values.
Any nation which can neither invent, innovate nor produce some of these gadgets faces many disadvantages!
Her currency value will continue to nosedive, since no other nation will need it to effect exchange for goods she could not produce!.
Such a nation remains a consumer nation that wonders at the inventions, innovations and productions of other nations!
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