Many people couldn't pay back their loans because the prices of the shares they had bought had lowered so they couldn't afford it, or because their businesses had failed due to the lack of buyers. In consequence, banks had to stop lending money to people because if they kept it up and nobody gave the money back, they would have suffered
Such like, the Capitalism serves everyone for achieving their economic self-interest, including non-capitalists. This results in prosperity, accelerated economic growth, and in progress of science and technology. Even though Capitalism naturally has certain divisions and may be of different kinds it is still less authoritative than centralized government as it is under Socialism. While the people are not commanded on how to use their wealth or power means that they will have more access to these two
They are not only responsible to their companies, but also to their countries. They use their brave behavior and good brain to make more wealth and opportunities for the country. Moreover, they are not just benefit for one aspect of improving economic. As we can see, the entrepreneurships provide the platform of employment. As the result, the rate of employment rise and more people have the chance to make a living.
As they were forced off their lands then poverty became worse. Rural areas are the most areas that experience poverty at the extreme because they dependent on agriculture for food and development there is very slow or does not even reach them at all. People leave the rural areas to live in the cities that mean people with skills decide that as there are no opportunities here and they go somewhere they can find job opportunity. Then that lives the rural areas without people who have skills. In Africa there are programs designed to assist in reducing poverty but ends up in the hands of corrupt people, the distribution of the money is unequal, the large amount of money are spend on the person in charge of the program not on the poor people.
I’m Dean Tyler-Battaglia and today I will discuss why homelessness is such a massive problem, due to education and employment limits, difficulties regarding shelters, and why homelessness isn’t a choice. To rebuild a life, the first step is to find money. That task becomes very difficult if no one accepts them for a job. Masses of displaced people are barred by barriers stopping them from getting a job. These barriers include not having quality education, limited job experience, or experience in a job not needed in a wealthy country, no access to and lack of money to provide transportation.
Instead, it will bring about social exclusion and lead to social segregation between the rich and the poor. This is evident not only in the aspects of income but also other aspects such as education, health and housing. Children often have to work outside of school so that they can provide income for their families. Hence, they are unable to fully enjoy the benefits of education, even though it is fully funded for. This leads to a poverty cycle, as they often do not have the skills and knowledge required in the workforce, reducing their potential income, therefore being unable to walk out of poverty.
Poor people are unknown of their lack of voice, power, and rights, which leads them to exploitation. Poor people being unable to take part in social and cultural norms leads to breakdown of social relation among the people The effects of poverty can be mainly categorized as unemployment, illiteracy, food security, psychological well-being, increased crime rate, child health, homelessness etc. Major effect of poverty is unemployment to those without land or dependable wage labor. Poor people can rarely find permanent, salaried job in the village or even in the city. Poor people engage in informal and daily wage labor with no security and low earnings.
Poverty is one of the major issues that the Arab world is going through and the major reason behind poverty is lack of opportunities, unemployment, lack of education and lack of economic growth. This paper will argue about the poverty in the Arab world and how is it possible to reduce poverty. According to a survey conducted by the UNDP, the Arab world as a whole is still fighting with the issue of poverty since it is a very major issue. Poverty is a subject that determines the life style and living standard of a group that is inclusive of food, clothes and shelter, etc. People in the Arab world are unable to live a quality life because most of the people do not have better living place, clean water, new clothes and good food.
4. Economy People living in poverty impacts the employment rates. Without an education, people are unlikely to find an occupation, which leads to unemployment. Unemployment withhold a country from developing into a solid economic system. This causes unnecessary suffering when people cannot contribute to the economic development of South Africa.
c) Mixed Economy Since mixed economy involves both government and private enterprises, Sweden has the advantage of taking the benefits of capitalist nature of private companies and socialist nature of government. Besides that, there is less inequality of income because intent of government is to have a balanced economic growth of an economy. Mixed economy allows individuals to run their business and make profits but at the same time it places some responsibility on these companies by inducing them to contribute towards the welfare of society. Disadvantages of Mixed Economy The disadvantage of having mixed economy in Sweden is the welfare of society is important in a mixed economy it leads to lower than optimum use of the resources because government mobilize the resources towards the production of those goods and services which are beneficial for the society as a whole rather than producing those goods and services which in economic terms are more beneficial for an economy. Under mixed economy private enterprises have to face lot of difficulty because of various government loopholes like favoritism and bureaucratic nature which is prevalent in mixed economy.