Social Sciences, asked by pawan19, 1 year ago

how does economic growth lead to poverty reduction?

Answers

Answered by AjithCooL
8
answer is simple... economic growth indirectly proportion to the poverty due go money lags with politicians
Answered by myrakincsem
2

Hi friends,

Economic growth leads to increased influx of money. The more money the country has, the more economically strong it becomes. When the country is economically strong, the value of their money is increased which means it would lead to less poverty stricken population. The buying power of people  considerably increases in a growing economy which means more people are able to afford essentials of life and lead a better life. Poverty has an inverse relationship with economy.

I hope the answer is helpful.

Thanks

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