Answer to Question #66560 in Economics for Athira

Question

In a developing country like india being employed itself does not ensure a decent standard living? do you agree? give reason of your answer

Answer 1

In a developing country like India being employed itself does not ensure a decent standard of living, because when there is no work and other abilities to earn money, people will be poor. Also we should consider the existance of any barriers for doing business by people employed itself, because the higher are the barriers, the lower is the standard of living of those who are employed itself.