Answer to Question #232793 in Economics for Another you

Question

1. How can we cope with the issues on poverty and unemployment to improve the lives of the people? What would you tell him/her?
2. In what way is applied economics important in tackling economic issues or problems of the country?

Answer 1

To cope with the problem of poverty. it is necessary to invest in vocational education and industrial production. That is, it is necessary to give people the opportunity to learn how to make money and give them the opportunity to receive decent wages for their work.

To ensure a balance in the economy, it is necessary to organize the management of the economy, taking into account the implementation of macroeconomic laws, for which political decisions are adjusted to form national needs.ф