How does economic growth lead to poverty reduction ? Explain with help of example.
Answers
Answer:
Explanation:
The impact of economic growth on poverty have been documented.The relationship is not direct.In some cases it can be positive ie economic growth leading to reduction in poverty in some cases it can be negative, ie economic growth leading to increase in poverty.The impact of economic growth on poverty depends highly on the inequalities that are prevailing in an economy.And no, i dont think it will make sense to measure poverty in a developed economy in the same way you would meausre it a developing country, because the definitions of poverty will definately differ.
Answer:
When there is economic development and growth in a country, then the citizens of the country are said to be economically active citizens who are healthy and educated and can apply their knowledge and skills for the country's benefit...
When there's economic progress, more number of people get employed and get good jobs too... they are able to earn higher in terms of their income too..Thus they get a good salary and can serve the country in a better way...
Since more number of people get employed, there is an evident decrease in the poverty level...
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