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Economic And Social Case Study: Pennyville

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Pennyville had a thriving economy that was sustained mostly by local businesses. Records show that there were established primary and secondary educational institutions either inside the town or nearby. As a result, the town’s residents were well-educated, with most having at least a high school diploma. Most residents between the ages of 25-50 were capable of obtaining well-paying jobs either in the town or nearby. The earnings were then funneled back into the town through the residents’ purchasing power. For decades, this economic trend brought prosperity to the town.
In recent years, however, there is a new trend that has emerged. The town’s only high school shut down due to budget cuts. Consequently, the level of education attained by
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