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The nation's economy, particularly during periods of growth and industrialization, created greater work opportunities for women by expanding job sectors such as manufacturing, healthcare, and services where female labor was increasingly needed. As traditional gender roles began to shift, more women entered the workforce, benefiting from initiatives like equal pay legislation and workplace protections. Additionally, the rise of remote work and flexible job arrangements further facilitated women's participation in the labor market, allowing them to balance work and family responsibilities more effectively. These changes collectively empowered women economically and socially.

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What is the importance of handicraft in economy?

Handicrafts are hugely important in terms of economic development. They provide ample opportunities for employment even with low capital investments and become a prominent medium for foreign earnings.


Does GDP accurately reflect the nations welfare?

The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.


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A market economy presents challenges such as income inequality, where those with higher incomes can access better resources, services, and opportunities, while low-income individuals may struggle to meet basic needs. However, it also creates opportunities by fostering innovation and competition, which can lead to job creation and economic growth. Additionally, a market economy can provide diverse goods and services tailored to various needs, allowing individuals to choose what best fits their circumstances. Balancing these dynamics is essential for promoting inclusivity and equitable access to resources.


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A capitalist economy offers individuals the opportunity to pursue their economic interests and ambitions through entrepreneurship, innovation, competition, and the ability to own and invest in businesses. This system allows for the accumulation of wealth and the potential for upward mobility based on individual effort and success.

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