size of family in economics plz ans
Answers
Answer:
size of family in economics is 4 members
out of which two members are working
and the other two or one is nonworking
like son, daughter, grand parents
Explanation:
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Many economists have tried to distinguish the behaviors that help create wealth from the ones that create poverty. However, almost all of them have been looking at a fixed paradigm. This means that they consider values like thrift, hard work and entrepreneurship to be the defining factors for success. An underlying assumption of this analysis is that all individuals had an equal opportunity to grow and develop themselves.
Adam Vass Gal has challenged this assumption in his new book “Generational Poverty: A Look At the Culture of the Poor”. According to Vass Gal, hard work cannot be discounted as being the single most important factor for defining success. However, there are other factors at play. These other factors are largely dependent on the family that individuals are born in. Since the type of family does not change for several generations, poverty and wealth both run in cycles! The rich remain rich for several generations whereas the poor remain poor for several generations.
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