Professional Documents
Culture Documents
Unemployment
Unemployment
Unemployment
Poverty: A state or condition in which a person or community lacks the financial resources
and essentials of minimum standard of living.
Ways to control poverty: The issue of poverty is high in immature and agricultural
nations so there must be a more focus on improvement of agricultural sector.
People should be given educational and training facility.
Family planning schemes should be introduced The ever rising population should be
checked.
More and more industries should be set up to meet the needs of our country.
Poverty can be alleviated if affordable goods and services are provided.
Poverty can also be reduced by creating job facilities.
Systemic issues such as corruption, discrimination and lack of access to resources should
be checked.
National income: National Income defines a country's wealth. This income depicts the
value of goods and services which are produced by an economy. This gives effect to the net
result of all the economic activities performed in the country.
Ways to increase national income:
We can improve national income by some of the following ways:
We must overcome income inequality which in turn can lead to economic
stability and growth.
Encourage investment and implement tax policies.
Promote exports and lower imports.
Develop human capital by providing knowledge and skills to the workforce.
Increase productivity of goods and services.
Promote economic growth by encouraging businesses to invest in the economy
and create jobs.