Question

In: Economics

what are items that the less fortunate need to last as long as possible please write...

what are items that the less fortunate need to last as long as possible please write down as much as possible like shoes and stuff and what product ideas do you have to make it possible ? to help them

Solutions

Expert Solution

Less fortunate people are those who are not able to get proper meals in a day and are not able to fulfill their basic necessities.

In an economy, instead of providing them a regular supply of goods and services for their survival society and government should equip them with some kind of knowledge and skills so they become independent Concerned with their basic needs.

We can classify the concept in two parts-

  • Government approach- through the fiscal expenditure the government can provide education to the poor people and nourish their skills and thus they would be be able to generate income for shoes, bags, breads and most important a dignify standard of living.
  • Second important role can be played by the society and NGO which can provide the skill and assistance in education concerned with professional knowledge. This would make them self reliant.

Ultimately, the goal is not to provide them basic amenities but to make them self dependent so they would be able to generate income for their living at their own which would last lifelong.


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