What roles does the poor play in the Economy?

[Uruhara]

The work force is can be contributed by the poor to the economy.Because to survive,they can work hard to earn.So the capitalist people can use them to increase the economy activities.When the production was increased by the poor people,the capitalist will pay them more taxes to the government.By the government increase taxes,they can use the money for the new scheme to help the poor people.So finally poor get benefit by their work.

Yes, right. Everyone needs and relies on each other. Because basically the poor help with labor, and the rich help by creating jobs.

Well between the poor and the rich have an important role in the economic cycle. But unfortunately in some countries the number of people who fall into poverty is far more than the number who become rich. But we really can't blame anyone. because basically everyone struggles in their own way. The most important thing is that we must continue to be motivated to raise our standard of living by continuing to work hard and make innovations that can bring improvements to our finances.

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[reagansimms]

Poverty cannot be separated from people who do not have the skills or capital to develop an improving economy, most of them do not have permanent jobs which makes it difficult for them to build an economy. It's not that they are not struggling to survive, every day they are trying to earn a few dollars to provide for the family.

Actually, when viewed from the deepest conscience, the poor are part of the beauty of the world. Rich people will find it difficult in any way if there are no poor people. Imagine if everyone in this world became the boss, then who would be the employees. Rich people and poor people always play their roles well, even though poverty is not someone's goal, they are not lucky with the current conditions.

[Dunamisx]

When an economy is poor then the whole system controlling it is poor and this is indirectly saying that the government leadership is being poor on the same vein, a poor economy system is as a result of how the government take charge and control every day to day activities of the economy and how their regulation is being effectively utilized, the poor people will suffer most because they can perform than the level of what they have acquired and this makes the standard of living there so low but the moment they are determined not to rely on government, they can go self sustainable through their local way of productions with a organizational structure of division of labour.

[Sayeds56]

The poor are those who run the wheels of a country's economic life. The balance in many ways comes from them, they are needed, but the balance in numbers must also be observed. When this balance is reached, the wheels of a country's economy will also be balanced.

Indeed, the poor play crucial role for agricultural and industrial sectors which are heavily labor intensive . In particular agricultural sector, which is the back bone of economy, as it provides food for human and animal consumption for their daily needs , as well as raw material for various industries to keep their wheedles ruining. It is important for factories and corporate farms  owners to prioritize well being of their workers by providing them reasonable salaries and access to health care facilities for smooth functioning of their business.

[Dr.Bitcoin_Strange]

The people living in poverty have a profound impact on the economy. Their participation and contribution are vital for its sustainability. If they are empowered and their poverty reduced, they can become potential consumers, workers, and entrepreneurs. They become active participants in economic activities, boosting growth and fostering a more equitable society. It's crucial to recognize their value and provide them with opportunities to thrive.

Your point is good, because definitely some people who are poor today can become rich in the future, and they can contribute to economic growth just like you have described, but it's not only when the poor become rich that they could contribute to the economy; there are some great jobs the poor do in our society today that they feel are contributing to the economy. An example is the sweeping of the road. The people that are being employed to sweep the road in the city where I live do the sweeping every three days in a week, start their duty at 4:00 AM, and finish by 6:00 AM. The people that do the job are poor people, and if they are not there to clean those roads, they will be littered with sand and papers. Also, there are usually people hired to clean the drainages to avoid blockages that could cause erosion. There are more that poor do and it contribute to the econom, either directly or indirectly.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[puloweh555]

In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

Imo, the economic hero in a country is in the sector of micro, small and medium enterprises (MSMEs). the majority of whom are the poor and it is they who are saving the economy during an economic crisis. Even though during a NON CRISIS they are not something that can be relied on, because they are not the biggest taxpayers.

I think we can only give more appreciation to micro, small and medium business economic actors. If a country has succeeded in collecting MSME taxes. if indeed MSMEs contribute 62% of GDP. This means that the tax revenue must be 62% of MSMEs as well. Even though now many countries are still lame in this regard, if this inequality is resolved then we can believe that MSMEs can support a country, MSMEs can contribute to the country's economy while it is still growing. So in conclusion the role of the poor for economic growth actually exists, even though it is not visible. This is not to mention when we talk about the agricultural sector.

[Bitstar_coin]

Beside becoming additional problem the poor don't contribute any meaningful thing to the growth of an economy. Rather, they become a problem seriously needs to find a solution to because if their a large number of poor people in a country, it means the economy is not productive enough to increase the standard of living of majority of it's citizens,  and that a large part of the economy are controlled by the few elite or are sabotaging the economy.

[Marykeller]

For the economy of society to move, there is the engagement of the poor in it. Without poor involvement, the economy of a country won't move the way it supposes to.

Let's take for instance, a country whose economy is mostly on raw materials products or agriculture, etc  The poor are the ones to be used to get the raw materials products or harvest the agricultural product is done, which the rich can't do.

In a country where the poor doesn't contribute anything to the economy country should be highly checked upon whether there are poor people in that country. Because if there are no poor people in that country, who then would work as carpenters, farmers, drivers, hair stylists, mechanics etc?

In other words, the poor complement the rich in society and they do offer a lot of services that keep society going. If I should say, no one is supposed to be addressed as poor even though he had no cash, but he has services to render that can go a long in helping the rich.

[MiF]

In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

The poor is very important to the economy they have a big importance, imagine if all people living in the country are rich who will work in the farm? and who will work in some working place that owned by millionaires, if all are rich the working force in different places is surely become imbalance so poor people is very important.

[Becassine]

But then I was wondering : we do need hairdressers, delivery drivers, bus drivers, teachers etc etc, they don't have the highest salaries so how do they manage to find a flat in a capital or big city today with indecent real estate prices ?

[Wiwo]

What's your definition of poor, financially incapable??
What role do you expect the play??
Every class of personality is actually important in a society, the financially capable and incapable have their parts to play but that doesn't make them less human than the other.

Ops have failed to outline the specific role he is refering to because in economy there are various aspect and segments, the poor may not be able to support the budget financially since their lack the cash liquidity to do so, but then also there are roles that each individual could players in the economy such as man power supply and the rest.

So bith the poor and the rich have a role to play and fheir role are widely separated in other to make room for peaceful coexistence.

[RockBell]

In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

The poor are always available to work to earn a living when it comes to labor, but looking at current events, is more of the economy having an impact on the poor. One major issue that man faces is being able to afford food and shelter, and having access to this is challenging. My issue with the beggars in my area is that the majority don't have any deformities but will refuse to work and prefer to beg with this they will definitely be affected by the economy, I am aware of a few instances when the government has attempted to empower people by giving them tools or other methods of generating income, only to wind up selling it off.

[Onyeeze]

In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

The poor doesn't add any value in economy what I believe but I don't know any other person way of understanding, so I believe that economy sustainability it depend on entrepreneurs and flows of goods and services that come from other countries and economic productivity of a particular country,  so I have seen any thing or impact that a poor can add for economy support of any country. But government can make employment opportunities available to the poor to manufacture products that will help to increase the economy of the country by using them to work and also pay them a salary that will motivate them to be active to work for the success of balancing economy of a country, except such way no value the poor can add to economy of a country

[AicecreaME]

Poor people's play or role in the economy is the same with any other people, they also pay taxes and do other things but always being neglected because rich people think that they are just slaves. If poverty is one of the main problem in a certain country, for sure their Government is lacking something very big.

Poor people are always the hard laborer, they work their asses out more than 8 hours a day and still get underpaid, which is not fair for me, that's why they never get out of poverty.

[Victan22]

Poverty on it's own is also a tool in the hand or sight of the  bourgeois because they always capitalize on the scarcity of the poor to extract labour from them.

According to the postulation of Karl Marx which opines that man is a material being and as such before man will think of anything else outside the economy he must first meet his material needs.

For man to meet his material needs he ought to produce by entering into a relationship with other men which is where the class factor sets in, between the rich who owns the means of production and the poor who owns the surplus value (labour) .

Conclusively, I am saying that the poor has a big role to play in the economy because without labour in an economy production can not be complete.

[Onyeeze]

Poor people's play or role in the economy is the same with any other people, they also pay taxes and do other things but always being neglected because rich people think that they are just slaves. If poverty is one of the main problem in a certain country, for sure their Government is lacking something very big.

Poor people are always the hard laborer, they work their asses out more than 8 hours a day and still get underpaid, which is not fair for me, that's why they never get out of poverty.

The only way poverty can be eliminated in a country is to make employment available to the poor,  their no country that doesn't have a poor citizen's any country that doesn't not have poverty or poor citizen will be in trouble financially, for my first posting here I stated it Categorically that's to eliminate poverty in a country government have to make sure that employment is everywhere so that the poor will not feel marginalised in any form.

[smile1218]

The poor play several roles in the economy both positive and negative. The poor provide a source of labor for many industries, such as agriculture, manufacturing and service sectors. They also create demand for goods and services, which helps to stimulate economic growth. The poor can serve as entrepreneurs and create their own businesses, contributing to job creation and economic development. Poverty can lead to social economic instability, which can have negative effects on the overall economy. Poverty can also lead to crime which can increase the costs of law enforcement and reduce the attractiveness of an area for investment. Poverty can also lead to health problems, which can increase healthcare costs and reduce productivity. Poor play an important role in the economy, they provide a source of labor, demand for goods and services etc.

[lixer]

High numbers of poor people is an indicator that shows how government does their job in one country. High number of poor people shows government priority in creating country’s budget. However, there are moments when poor isnt an indicator to show how good or bad government works. Country by itself can be poor; for example they might now have any recourses except land or labor force.

A poor country isn't specifically poor and has no money at all, they might have less resources than other countries but they will surely have enough money to at least run their own country in a good way if they know how to manage the minimal resources that they have so that they can generate good enough revenue for the country's economy, even a poor country should at least have people living up to the standard of their country.

I would blame the government if a country is poor and its citizens are suffering from hunger or not having basic necessities of life, if they want, they can at least provide the basic necessities for their people which isn't really a lot to ask, but they don't do it themselves maybe out of greed so that they can keep any money that comes to them.

[Davian144]

Imo, the economic hero in a country is in the sector of micro, small and medium enterprises (MSMEs). the majority of whom are the poor and it is they who are saving the economy during an economic crisis. Even though during a NON CRISIS they are not something that can be relied on, because they are not the biggest taxpayers.

The opinion you say is quite logical, because even though micro, small and medium enterprises are not the largest taxpayers for their country, basically small and medium-level business actors are the driving roots or foundations of the country's economic sector. Because they must always try to run their business so they can fulfill their own needs without caring about the conditions that are happening in a country.

I think we can only give more appreciation to micro, small and medium business economic actors. If a country has succeeded in collecting MSME taxes. if indeed MSMEs contribute 62% of GDP. This means that the tax revenue must be 62% of MSMEs as well. Even though now many countries are still lame in this regard, if this inequality is resolved then we can believe that MSMEs can support a country, MSMEs can contribute to the country's economy while it is still growing. So in conclusion the role of the poor for economic growth actually exists, even though it is not visible. This is not to mention when we talk about the agricultural sector.

In fact, the MSME sector must really be paid attention to by the government because with the progress of the MSME itself, of course the state will also get greater benefits in economic progress starting from the lower levels to the upper levels. So MSMEs are the basic drivers of the economic sector in order to make the whole economy move simultaneously at the same time so that the poor are also very beneficial for a country even though there are many people who are tired of continuing to be poor in their own lives.

[Swordsoffreedom]

I would blame the government if a country is poor and its citizens are suffering from hunger or not having basic necessities of life, if they want, they can at least provide the basic necessities for their people which isn't really a lot to ask, but they don't do it themselves maybe out of greed so that they can keep any money that comes to them.

If a country has a lot of poor people, then it is definitely the government's fault, they are not only greedy but also foolish, so they do not bring any benefit to their people. But if only a small part of the people are poor, it is not entirely the government's fault, but it may be because those people are lazy. Because the government won't have enough money and resources to distribute everything for free, what they can do is create jobs for everyone, and we need to seize our opportunities. If we are lazy and only expect support packages from the government, it is our fault that we become poor.