How is economy related to common man essay?
Answers
1. When one pays the significant taxes. For example, if you pay a tax, govt takes it, utilizes it for improvement action like roads.
2. The economy changes with the purchasing and offering an example of citizens. When demand is more, the cost of the products tends to increase which results in the inflammation.
3. Also, when there's a wage increment, there's more cash in hands of individuals, inflation increases, same is the case for the deflation.
4.The vehicles that keep running on petroleum n diesel likewise identifies with the economy as India is the biggest importer of fuel items.
Answer:
YES The term economy related to common man directly as well as indirectly.
Explanation:
Economy is very much dependent on the demand of common man. generally
we see whatever production takes place in the country,it takes place by keeping in mind the preferences and demand of common man. if we want to understand this by example we see in winter season the production of wollen clothes and in summer season cooler refrigarator increase why . it is because of the demand and neccesity of the comman man on the other hand if a new production will be launched by keeping in mind the likes and dislikes of common man . it tells us that the middle class people and common man is the pillar of indion economy. Any common man when pays
tax,the goverment uses it for development which increases more education opportunities ,jobs opportunities, health, and ultimately helps in the economic develpoment of the country.
in sort, we can say if any country want to strength its economy , it should be encouraged common man.