Answer to Question #240416 in Microeconomics for skwiejay

Question

How can the city of Johannesburg improve their financial stability?

Answer 1

Financial stability is based on improving and increasing work-flow. In this case, Johannesburg may choose on improving transport and communication network. This can help in fastening the transactions, hence improving their financial stability. Similarly, the city may choose on creating more job opportunities and encourage innovations. This may help reduce unemployment rate as they build up more operations in the city.