Space Colonization and Exploration; An Economic Exercise

Abstract

This article reviews how the status of the term "Economy" has changed among various states, leading
them to make a sustainable society on Earth and Outer Space. Though with the current budget and
innovations, the idea of space settlement still seems far-fledged. However, with international
collaboration, some results predicted humans would flag Mars in the near future. With the increased
funding on science and technology and international collaboration, some states are on the verge of
constructing new pathways to another world. Such investment will help humans be an interplanetary
species and develop new values and methods to their knowledge. This article also discusses some of the
settlement models that might be possible in the near future, provided the investment feasibility.