Does economic growth automatically reduce poverty, Business Economics

Assignment Help:

Does economic growth automatically reduce poverty?

Growth implies more goods and services are obtainable to satisfy more wants and requirements. But the benefits of growth may flow to a few ruling elite. Shortly, the impact of growth depends onto how extensively and fairly income is distributed. Real growth is essential, but not adequate for poverty reduction

Many economists advocate the trickledown theory. There the initial benefits of growth go the wealthy, but ultimately trickle down to the poor for example rich families buy local produce and use servants, many more

Implications Government can intervene to decrease poverty by transfer payments and progressive taxation giving public and merit goods and services free/below cost. This expenditure may beyond the resources of Less Developed Country governments.


Related Discussions:- Does economic growth automatically reduce poverty

Assignment, Ask question critically evaluate the two main utility theories ...

Ask question critically evaluate the two main utility theories #Minimum 100 words accepted#

Examine the costs and benefits - shared service model, Explain why Cae...

Explain why Caerphilly are considering this model of service provision Examine the costs and benefits of joining the shared service model. Your answer should cons

What is absolute poverty and relative poverty, What is absolute poverty and...

What is absolute poverty and relative poverty? Absolute poverty: It is an income level below that essential to meet fundamental requirements. The UN measure of absolute

TR AR MR, WHAT are relationship between them showthese relitionship with th...

WHAT are relationship between them showthese relitionship with the help of digram also state relitionship between AR MR & TR.

Feasibility studies, c) Compare and contrast two advantages of refurbishing...

c) Compare and contrast two advantages of refurbishing an existing building with two advantages of developing a Greenfield site.

What are harrod-domar assumptions, What are Harrod-Domar assumptions? T...

What are Harrod-Domar assumptions? The H-D (Harrod-Domar) model assumes as: • Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist

Instituition, Define institutions in the context of business strategy, and ...

Define institutions in the context of business strategy, and explain the role of institutions when considering entering a foreign market. Explain the role of culture in how these i

Labour markets in perfect competion, #question.discuss the contention that ...

#question.discuss the contention that the existance of a labour market is characterised by perfect competition is a fallacy.

Elasticity of demand, Explain the elasticity of price expectations?

Explain the elasticity of price expectations?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd