how does economic growth lead to poverty reduction?
Answers
Answered by
8
answer is simple... economic growth indirectly proportion to the poverty due go money lags with politicians
Answered by
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
Similar questions
Accountancy,
8 months ago
Physics,
8 months ago
Math,
8 months ago
Hindi,
1 year ago
Accountancy,
1 year ago
Geography,
1 year ago
Hindi,
1 year ago