Post
Topic
Board Economics
Re: how to overcome inflation for the community
by
Theones
on 09/06/2023, 22:43:21 UTC
Inflation is a global problem that affects economies of various sizes, including those in rural and urban areas. While the effects of inflation are widespread, communities can certainly take steps to address and mitigate their impact at the local level. Diversifying businesses and sources of income can provide resilience and stability during economic fluctuations. Additionally, investing in personal development and upskilling can increase individuals' employability, open up new opportunities, and potentially lead to higher income generation. But it must still be recognized that local actions can help us deal with inflation, but addressing inflation on a broader scale requires macroeconomic policies and coordination from other countries central banks and governments.
It surely is and if we will keep looking at the power to solve our problem of inflation then this is not going to happen.
To take care of yourself you have to work harder earn lots of money to keep yourself out of poverty cylce.