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POOR CLASS IN UNDERDEVELOPED COUNTRIES

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Hi there Today’s Topic is the behavioural approach of Poor class and how they impact via lack of financial resources , the scarcity of food articles , good accommodation and lack of financial notches to fulfil their desires . The economic behaviour of the poor in underdeveloped countries is a nuanced topic shaped by various constraints and opportunities and involves how low-income households make decisions about spending, saving, working, and investing, as well as how they manage risks and access markets. Here are key aspects: 1. Income Sources and Employment • Agriculture-Based Livelihoods : A significant portion of the poor in underdeveloped countries rely on agriculture as majority of the underdeveloped countries are having poor landless farmers , artisans with small amount of funds to cultivate the fields , often trench with petty loans with excessive interests and working as smallholder farmers, sharecroppers, or seasonal laborers. Their income is highly variable, su...
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HOW TO GET OUT OF FINANCIAL CRUNCH

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  Hi there , Topic T oday is  How to get out of financial crunch which people are facing but they can be sorted by proper Planning , Let's Check how to : 1. Assess Your Financial Situation List your income and expenses : Start by making a clear list of all your income sources and monthly expenses. Track your spending : Understand where your money is going, and identify areas where you can cut back. 2. Cut Unnecessary Expenses Prioritize needs over wants : Focus on essentials (housing, food, utilities), and reduce or eliminate non-essential spending. Negotiate bills : Call service providers (e.g., internet, insurance) and negotiate for better rates.   3. Create a Budget Develop a strict budget : Allocate your income wisely, ensuring you’re spending less than you earn. Stick to cash or debit : Avoid credit card use, as it can lead to more debt. Use only what you have. 4. Increase Your Inc...
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WHY DO ECONOMIC AFFAIRS EFFECT HUMAN LIFE

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https://onlineeducoach.com/economics-statistics-micro-development-marketing/why-economic-welfare/   Economic affairs profoundly affect human life because they influence the resources, opportunities, and conditions under which people live. Here's how: 1. Income and Living Standards Economic policies and conditions, such as inflation, employment rates, and wages, directly affect household income. A healthy economy provides jobs, stable prices, and growth opportunities, enabling people to afford essentials like food, housing, healthcare, and education . 2. Access to Goods and Services Economies determine the production and distribution of goods and services. Trade policies, supply chains, and market stability ensure access to necessities and luxuries. Economic disruptions (e.g., recessions) often lead to shortages or increased prices, affecting people's quality of life. 3. Employment and Career Opportunities Economic growth fosters job creation and career advancement, ...
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