People have taken micro loans from individuals and groups within the context of self-help to start businesses. Majority of poor are deprived of financial services. Micro finance is a programme to support the poor rural people to pay its debt and maintain social and economic status in the villages. It is an important instrument for improving the standard of living of poor. In spite of many organizations of micro finance, micro finance is not sufficient in India.
4. Advise the CFO on three primary ways in which capital may be transferred between savers and borrowers in Jagdambay Exports. Explain the advantages and disadvantages of each within the organization. 5. Advise the CFO on securities trading on physical exchanges or over-the-counter market.
This argument follows that the best option for poor countries is the idea that people can find ways to solve their problems if the markets are free and the incentives are right. Poor economics differs from these arguments and reasons that it is possible to make significant progress in alleviate poverty by taking small steps. They argue that political constraints make it difficult to find big solutions to the problem of poverty. The book is a presentation of 8 years of field research in the villages of developing countries such as India, Kenya, Morocco and Indonesia. The authors steer away from the question of whether foreign aid is right or wrong and investigate the complex and multifaceted lives of poor people and policies that could help them.
Those that have not adapted and cannot compete will encounter difficulties and will, eventually, die.” (Basirico, Barbara, and J. Ross, 2014) According to this aspect of it, poverty would be seen as functional because it essentially “weeds out” the weaker members of society. One other idea supported by structural functionalism would be that poverty provides other jobs for members within a society. Programs like the salvation army, the United way, and Medicaid all provide jobs for a variety of people. Also, social workers are provided with a lot of work cases that result from families that are impoverished. If poverty did not exist, there would not be a need for organizations like this.
P3 interpret and assess relevant data statistics to illustrate how micro and small business impact on the economy. Micro and small business may not produce as much money as large business organisations but they are very essential and are most important donor to the economy. Micro and small business can be regarded as the building blocks of the economy. Following are the impacts of micro and small business in the economy: • Economic growth: micro and small business contributes to the economy by bringing growth to the area where the business has been established. By providing the employment opportunities to the unemployed people the micro and small business helps in motivating the economic growth.
One main point of the structural functionalism theory is that the erection of a family directly impacts their likelihood of living in poverty. According to Macionis et al stated that the structural-functionalist perspective, poverty, and economic inequality serve several positive functions for society (Macionis et al 2015). Davis and Moore (1945) argued that because the various occupational roles in society require various levels of ability, expertise, and knowledge, an unequal economic reward system helps to assure that the person who performs a role is the most qualified. Argued Davis and Moore thesis states that social stratification is universal because of its functional consequences. in caste system, people are rewarded for performing the duties of their position of birth, in class systems, unequal rewards attract the ablest people to
Each person has their own understanding on moral obligation, and their actions with moral obligation influence society a lot. In “Famine, Affluence, and Morality”, Peter Singer point out that rich people or nations ought to help the poor one as much as they can. Singer thinks that only in this way, both society and world will become better. I admit that rich people should help poor people to improve their life, however, these supporting should not influence the living quality of rich people, and the correct way for supporting is to encourage poor people to work hard, but not let them rely on others’ money. Singer first points out that” if we can prevent a bad thing happen without sacrificing any comparable moral importance, we ought do it, and instead, we should not promote good thing.” He uses the example that many countries spend a lot on development and only provide limited supporting on poor countries which lack of food and medicine.
If the rate of interest for bank loans is high, the potential borrower would prefer not to take a loan because they would not want to pay a high interest. However, if the rate of interest was low, the potential borrower would take a loan from the bank because they would not have to pay that much interest. Another factor that could influence the demand for bank loans is the condition of the economy. When the economy is doing well, people would be likely to take a loan and spend more when their prospects for employment are