Benjamin Franklin said “I think the best way of doing good to the poor is not making them easy in poverty, but leading or driving them out of it” . What did he mean by this statement?

Q: Using any of the five foundations of economic thought, explain the following: a. Why are farms not…

A: The foundation thoughts that is referred to in the question are  1. Marginal thinking 2. Trade-offs…

Q: Who is poor? Why does poverty still exist?

A: Poverty: It refers to a situation under which the individuals are unable to fulfill their basic…

Q: “Inequality For All” that is really sticking with you – maybe you found it particularly inspiring or…

A: solution 1 The moment that sticks with me the most from the film is where Robert R. expressed, "42%…

Q: How has consumption influenced oppression and marginalization?

A: In an economy, marginalization and oppression refers to the form of inequality that arises due to…

Q: Why some countries are really poor? Please draw the cycle of poverty and explain this cycle at least…

A: Some countries have low employment,investment,saving,capital formation etc. Therefore they have…

Q: Why must the government should prioritize the end of poverty and hunger?

A: Poverty is defined as a state in which a person lacks financial resources and essential goods for…

Q: Do you rhink we could be free from poverty after another president and elected in our county?

A: Government and central bank have to work in co-operation to control the financial as well as…

Q: Why social enterprise considered as an alternative platform that can alleviate the plight of the…

A: In an economy, social enterprise refers to the one in which government has the major share and the…

Q: What did mercantilism see as the economic goal for society? Why was poverty seen as essential?…

A: Mercantilism was an economic theory and practise popular in Europe from the 16th to the 18th…

Q: How can profit motive lead to income inequality?

A: In capitalism, individuals are motivated by the profit incentive. The capitalist undertakes risky…

Q: How to define economic welfare?

A: The answer to the question is as below :

Q: How do you define  the poor in the United States?

A: The U.S. Census Bureau is the government agency in the united states who is responsible to measure…

Q: What is the difference between scarcity and poverty?

A: Poverty:Poverty refers to the economic situation of the people in which they are not able to afford…

Q: In a competitive market economy, how is the distribution of income primarily determined? a.By the…

A: Perfect competition refers to the type of market where there are a large number of producers and…

Q: Explain "Fairness and Equality or giving all the people same opportunity"

A: The study of economics take into consideration the allocation of the resources which is available in…

Q: In modern economic society: Which one of the following is not accurate? a. Market use all factors of…

A: Modern economic society: The modern economic theory implies an economic system of the combination of…

Q: Discuss the growing income inequality in the U.S. and the world with someone mature enough to have…

A: Economic inequality is the major problem of America. It is based on the following facts: 1. U.S has…

Q: What is marginalism?

A: Macroeconomics: The study if the economy as a whole or in totality is termed as macroeconomics. For…

Q: Henry George and William Graham Sumner both wrote in the late nineteenth century about poverty and…

A: Henry George in his book "Progress and poverty" investigates the paradox of increasing inequality…

Q: To what extent are free markets morally justified? In your answer, you may want to be clear about…

A: Argument in support of free market  A free market is an economic system in which the prices of goods…

Q: How should social and economic inequalities be governed?

A: (Q) How should social and economic inequalities be governed?

Q: two economists went to the same university disagree on policies such as minimum wages or higher…

A: Minimum wages:- Favorable opinion:- The minimum wage rate policy gives incentive to labour thus…

Q: What is the best way to combat poverty over time? When should government regulate business?

A: Poverty is defined as the inability to fullfill minimum basic standard of living . It means low…

Q: Can we really end poverty? Explain.

A: Meaning of Poverty or Scarcity: The term scarcity or poverty refers to the situation under which…

Q: Do global cities widen the gap between the rich and the poor?

A: Global cities refers to the places or countries which are open to trade with the rest of the world.

Q: It is just or unjust for the state to tax the rich to help the poor?

A: In an economy, government tries to maintain equality among people due to which it helps poor people…

Q: Will raising the minimum wage or establishing a living wage help reduce poverty in America and…

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: How is helping someone in the culture of poverty different than helping someone in the true lower…

A: At its most basic level, poverty is described as a lack of basic necessities such as food and…

Q: Why the governments should prioritized the end of poverty and hunger?

A: answer is given below

Q: how does the bill of rights connect to equality and freedom? Without the bill of rights would there…

A: Individual civil rights and liberties, such as freedom of speech, press, and religion, are protected…

Q: Which class has the largest individuals? Which is the most economically important?

A: There are three classes of an individual: Lower class: An average income of this class falls below…

Q: What accounts for the rapid growth in the number ofolder Americans?

A: The average time a living being is projected to live is referred to as life expectancy. It is based…

Q: what is South Africa’s government doing to help with hunger?

A: "A situation in which households lack access to enough food due to a lack of money or other…

Q: Why do governments set the living standards of the people by setting the minimum wage?

A: A minimum wage is the lowest income that businesses are legally allowed to pay their employees, as…