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Economic growth includes expansion of workforce. this allows more opportunities for work which in turn reduces poverty. In an economic downturn high unemployment rates threaten a larger area of the population with poverty.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoEconomic growth creates growth in sales of goods and services, Growth in sales creates jobs, Jobs put money into the pockets of poor people that didn't have jobs and were in poverty.
Economic growth also creates Capital, which is "money available for investment". The creation of capital makes money available to buy new equipment and start new companies, which also makes more jobs.
Wiki User
∙ 12y agoEconomic growth in a country is directly associated with the development sector of the country. If development takes place in the country, more jobs are created whereby the masses get employments and they are paid wages, which ultimately result in reduction of poverty. Hence the powervy is directly related with the economic growth.
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Will developing countries be able to improve levels of living given anticipated population growth?
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Forecasts of economic growth have consistently?
over estimated econimic growth from 1996 to 1999
Why did industrialists favor the nation bank?
Nova net: they belived it promoted economic growth
What are two ways the railroads influenced economic growth in the US?
Shipping the goods and more transportation brought people here to have economic growth
How rich is North Korea?
North Korea is often described as one of the poorest countries in the world. The country has a centrally planned economic system with limited access to global markets, resulting in a low GDP per capita. Additionally, stringent economic sanctions imposed by the international community further restrict North Korea's economic growth and ability to generate wealth.
How did the great depression change American attitudes about welfare?
It revealed that the poverty could be caused by a flawed economic system, not just by personal irresponsibility.
What are the effects of poverty in Tanzania?
decline in economic growth
How are economic growth and productivity related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
How are productivity are growth related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
How does growth in population affect economic development of country?
Every one know that, now a days population increasing. due to increase in population , poverty is also increase. it affect on our economic development. growth of economic development stop by poverty.
What has the author Rasmus Heltberg written?
Rasmus Heltberg has written: 'Elephant economics' 'Public spending and poverty in Mozambique' -- subject(s): Domestic Economic assistance, Economic assistance, Domestic, Economic conditions, Poor, Poverty, Public welfare 'The poverty elasticity of growth' -- subject(s): Economic development, Poverty, Income distribution
What is an example of a recurring public problem related to the economic cycle?
poverty
What does poverty can be reduced through policies of inclusive growth mean?
Some theorists believe that poverty can be reduced through policies of inclusive growth. This means that when there is economic growth in a society, equitable opportunities are given to members of that society.
How is illliteracy responsible for poverty in India?
the current anti-poverty strategy is based on two planks : 1)Promotion of economic growth 2)Targeted anti-poverty programmes ->people send their children to schools in hope of getting better economic results from investing in education. ->Economic growth widens opportunities & provides the resources needed to invest in human development.
What role does saving play in the economic growth process?
Saving play in the process of economic growth reduces poverty in an economy and improves the standards of living.
What describes a known long term relationship among poverty hunger and population growth?
As economic status improves population growth diminishes.
What has the author Hippolyte Fofack written?
Hippolyte Fofack is known for his work as an economist and author, focusing on topics such as economic development, structural transformation, and trade in Africa. Some of his publications include research articles and reports on issues related to economic policy, growth, and poverty reduction in the continent.
What are some potential obstacles to economic growth in India?
Very large poverty rate and their low literacy rate
