answersLogoWhite

0

The first and probably most obvious way is by giving people jobs. It is an oft cited statement that the quickest way out of poverty is to be employed. Less obvious ways are by delivering goods more and more efficiently (and thus at cheaper prices. read: Wal-Mart) and by inventing new goods.

Wal-Mart is a prime example of businesses helping poverty simply by means of doing business (Someone is bound to complain that Wal-Mart hates poor people. Save it, I'm merely using Wal-Mart as an easy example). Wal-Mart's business model is having goods at the lowest possible price. This allows poor people to purchase goods they would not be able to have at higher prices. It keeps inflation down, which is very good for the poor.

The invention of new goods drive the cost of other goods down. For instance, if a cheaper substitute for milk was invented, more people would buy that, thus providing profit for the company that invented it. And businesses exist for profit, so there is incentive to find cheaper ways of doing things.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Does Reproductive Health Bill help solve Philippine poverty?

Yes RH Bill help solve the Philippine Poverty because it help prevent over population that cause of poverty. and it also help for all the family that have a large member of the family.


What are benefits of using applications to solve business problems?

Using applications to solve business problems means that simple applications can manage risk, help optimize business, provide important trend analysis (like your most popular selling product). This knowledge can help business efficiency and also help solve problems.


What are the main answer to solve the problem of Nicaragua?

idea to solve the poverty in nicaragua


What is poverty stage?

how can affety business poverty


Can you help poverty?

plz help poverty by donating


How could you solve poverty in the globe?

There will probably always be some poverty on earth. The most you can do is help the people around you and do your part. Not everybody wants to help out, and don't expect them to/ force them to do so. Doing the right thing and helping out will get you farther than you could expect.


How can credit help to stop poverty?

It can't. Getting into debt will not help poverty


How do you solve poverty as economic problem?

The government transfers money to the poor.


What are some topics for a research proposal concerning poverty?

You could try these: -Increasing income gap between the upper, middle and lower classes -Sickness prevalence in lower income levels -Organizations that are trying to combat poverty -Social rights of those in poverty (or lack thereof) -Ideas on how to solve or alleviate the problem of poverty -Noteworthy impacts from organizations on poverty around the world Hope some of these can help


What did Muhammad yunus propose to help those living in poverty?

those in need should start a business and borrow a loan from the bank if they need to.


How did the Economic Opportunity Act address poverty?

The Opportunity Act of 1964 allowed for the formation of community action centers to help in the war on poverty. The aim was to eliminate poverty, increase educational opportunities, provide safety nets for the poor and help the elderly with health and financial needs.


Poverty and Crime?

Never commit crime Help fight poverty