More money to the rich
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Economic Development is the result of hard work, risk-taking and monetary investment of Entrepreneurs and the first priority of an Entrepreneur is security in all aspects of life such as security for his family, his assets, his wealth and etc. So therefore security is the first step towards economic development.
The major objectives of state economic policy will vary from state to state. Most state economic policy agendas will include; economic development, full employment and price stability, and distribution of income and wealth.
People who are in school learning and who are working in schools are not contributing to the basic economic activities of providing food, shelter and clothing. The more economic development, the more wealth available to support education, which usually results in more education, provided that 1) that wealth is made available to the government by way of taxation so the government can fund education and 2) that wealth is distributed broadly through the population by industry, so a large portion of the population can afford to pay for educational facilities and to support students.
Social responsibility and maximization of society's economic wealth has undergone through various changes. The entire society has to take up this responsibility of increasing wealth in their regions in various economic activities.
The distribution of oil in the Middle East has played a significant role in shaping the region's development by creating wealth and influencing political dynamics. Countries with abundant oil reserves have experienced economic booms, but also faced challenges with resource dependency and wealth inequality. The control and access to oil resources have been closely tied to regional conflicts and geopolitical interests.
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Gilded Age
Technological development brings economic growth. However it also enhances social wealth on the one hand by increasing the income levels and wealth and causes certain social problems on the other hand. Technological development makes very important contributions to the economic and social-cultural life.
The totals means aviable for economic and political development, such as mineral wealth, labor force, plants , armaments and raw materials.
Economic Development is the result of hard work, risk-taking and monetary investment of Entrepreneurs and the first priority of an Entrepreneur is security in all aspects of life such as security for his family, his assets, his wealth and etc. So therefore security is the first step towards economic development.
The major objectives of state economic policy will vary from state to state. Most state economic policy agendas will include; economic development, full employment and price stability, and distribution of income and wealth.
This has to do with the global reduction of economic funds or money in a state. It has affected countries like Nigeria because of the large number of people who have no link to the economic wealth of our nation and also the high amount of illiterates and money embezzlers in the nation.
People who are in school learning and who are working in schools are not contributing to the basic economic activities of providing food, shelter and clothing. The more economic development, the more wealth available to support education, which usually results in more education, provided that 1) that wealth is made available to the government by way of taxation so the government can fund education and 2) that wealth is distributed broadly through the population by industry, so a large portion of the population can afford to pay for educational facilities and to support students.
Alice Hanson Jones has written: 'Wealth of a nation to be' -- subject(s): Economic conditions, Wealth, History 'Family spending and saving in wartime' -- subject(s): Cost and standard of living, Economic aspects, Economic aspects of World War, 1939-1945, Income, World War, 1939-1945 'Wealth estimates for the American middle colonies, 1774'
The wealth of Islamic states varies significantly based on factors such as natural resources, economic diversification, and governance. Countries like Qatar, Saudi Arabia, and the UAE have high levels of wealth due to abundant oil reserves and strategic investments. However, other Islamic states may have challenges with economic development and wealth distribution.
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