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Job and Economic Growth im-656672, what is economic growth__500746832…
Job and Economic Growth
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Urbanization
- Cities create more jobs in areas like shops, factories, and tech companies.
- More businesses in cities mean more opportunities for entrepreneurs.
- Urban areas usually attract tourists, boosting hotel and service jobs. This inject cash flow into the local economy.
- While urbanizing, building city roads, bridges, and buildings creates construction jobs.
Sustainability
- Stable economies are better equipped to address social grievances through policy measures and social safety nets.
- Lower unemployment rates and increased access to education and healthcare contribute to social stability.
- A stable economy can foster diplomatic relations, reducing the risk of conflicts with neighboring regions or countries.
Poverty reduction
- Economic expansion often results in better public services, such as healthcare and education, directly benefiting the economically disadvantaged.
- With a growing economy, there's potential for upward mobility, breaking cycles of generational poverty.
- As businesses grow, opportunities for skill development and training increase, allowing individuals to secure better-paying jobs.
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