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.
Every country, no matter how good the economy is, and no matter how rich the country is, still have people that can be looked at as poor, even though it is possible that their poverty in that country equals being rich in another country where the economy is in a worst shape, they are still considered poor in that country as long as they are not living up to the standard the rich in that country lives, take Dubai for example, it is commonly said that Dubai is country for the rich, but if we go there, we will still find people that are considered poor by the rich people in Dubai.
And like it or not, agree with it or not, poor people contribute to the economic growth in the society as well as the country at large, though it is always in their small way, a poor man who is not idle, that is , he works to earn money, is contributing to the economic growth of the country, for example, think of the farmer planting and harvesting crops, food items and taking it to the market to sell, such person is contributing to the growth of that country in terms of food security.
Again, think of the shoe maker, who makes your shoes and charge you, and you pay, that shoe maker is contributing to the growth of the economy in the show making industry, even though this seems insignificant, they are all significant in their little numbers.