Question

In: Economics

The word count of the text that includes your “own words” should be at least 500...

The word count of the text that includes your “own words” should be at least 500 words (about 700 max.). The text should be typed double-spaced using a 12-point font size in Times New Roman.

You are asked to make your own list of the best places to live (it can be one, two, or more) and convince your reader to move there. Build your case by using as many economic indicators you can think of. How important would the country’s per capita real GDP be as a criterion? What other factors in your own view would you consider?

Solutions

Expert Solution

There are many places in the world which are very suitable to live in. Though in my choice there are two places which are best. Those are 1. New York, 2. Venice. We can discuss the places one by one.

1. New York:

New York is the most important and most vibrant city in United States of America. It is a beautiful city tolive in. New York is the most densely populated city in USA with a population of 8,398,748 distributed over about 302.6 square miles according to the population date in 2018.There are many places to visit in New York city. The statue of liberty is one of them which is visited by a huge number of tourists every year.

Now to live in a city one needs to get sure about the standard of living in the city. New York is one of the leading citioes in the world in terms of standard of living. Standard of living is generally meassured by per capita GDP. The per capita GDP of New York city is $72,929. Hence we can say that the people living in the city has a decent standard of living. Though the city is densely populated, one can live in the city with all the necessary amenities.

There are ample number of different kind of jobs available in New York city. One can easily find a job with a handsome wage in the city. Hence though the city is densely populated, one can survive in the city as they may not have difficulty in finding jobs.

One can find a good number of products available in the market for consumption. After having a suitable job in the citry, one should not face any difficulty in living as a huge number of products available in the market for different tastes.

Another factor that should be considered while taking decision to live in a city is quality of life in the city. Standard of living meassures the materialistic life in an economy. On the other hand quality of life meassures the nonmaterialistic life of the economy such as relationships, satisfaction, law and order, freedom etc.

When we meassure quality of life, New York is considered as a front runner in the world. The citizens of the city are vibrant and humble. They offers a frienly behaviour to the new entrants in the city.

The law and order situation in New York city is considered world class. Though the city is densely populated, there are very few crimes committed in the city because of the strict laws and attentive police force. hence this is a safe city to live in. New York city is considered as pone of the ten most safest cities in the world.

One other indicator to meassure quality of life is freedom In this instance too New York city is one of the front runners in the world. One gets ample freedom to visit any place in the city, one has freedom to speak even against the authority. Hence one can ive in the city without fear.

2. Venice:

Another city which offers best amenities to live in is Venice. Venice It is a city in north eastern Italy and capital of Veneto region. The city is situated on a group of 118 small islands which are divided by several canals and linked by many bridges. The population in Venice is nearly about 2.6 million with a population density of 630 people per square kilometer.

Now coming to the standard of living which an important aspect to take decision to live in a city, we can say that the city possess a decent standard of living. Per capita GDP of Italy is @34,320. Venice is one of the most impotant city of the country.

In terms of job opportunity, one can find many jobs available in the city. The city is well known for its tourism industry. A huge number of tourists gather every year to experience the eternal natural beauty if the city.

The city has a decent market and different kinds of consumer goods are available in the market. Hence one should not face difficulty in consuming products.

The other factor that is important to decide whether to live in a place is the quality of life in the place. This is meassured by freedom, law and order, relationships etc.

In terms of quality odf life Venice is a world class city. It offers a decent freedom to the citizens. They are free to visit any place. the freedom of speech is also offered to tyhe citizens.

The law and order situation is also very good in the city. The number of crimes committed is very low in number. Though the main reason to move to Venice is the attraction of natural beauty of the city. The city is bestowed with natural beauty. The citizen of the city are also humble and friendly in nature. Hence overall it is a perfect city to live in.


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