In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.
I think the poor plays important role in the economy because without the manpower coming from them the businesses in different countries will not move or will not operate. They can contribute positively in our economy because as consumers they can impact on the purchases of goods and services which is much needed by the businesses to be able to survive the economy. The demands create by this people from basic necessities like food and clothing and the likes would definitely run our economy. That is why the poor play an important role in the economy.
The poor plays a very important role in the economy of a country although it does not make sense when there is high numbers of poor masses in a country. A country that has large numbers of poor people will suffer crime and corruption if time is nit taken. The poor people are those ones that will want to do Petty jobs to make a living like doing the work that rich can not do and since they have the money to pay for the services of the less stable financial people, then they will be forced to work for themselves and make a living to feed themselves and families.
It should have balance because if not, the crime rate will increase, like in other poor countries where the crime rate is really high, but again, the poor sector is not only manpower but also consumers, meaning they are the ones purchasing goods and other stuff for their daily needs, which means that's keeping the economy in cycle. Though I don't really want that, just stay in the sector if you can improve yourself and be in a better position.