Question

Explain how economic development is helpful in alleviating poverty.

Answer 1

1. Economic development increases national income, raising the overall income levels.
2. It generates more employment opportunities in agriculture, industries, and services.
3. Increased employment leads to higher wages and earnings for the poor.
4. Economic growth enables the government to implement poverty alleviation programs effectively.
5. Economic development promotes infrastructure expansion (electricity, water, roads), boosting productivity and livelihoods.
6. Growth supports education and skill formation, equipping the poor with better job prospects.
7. With higher income and employment, poor people can meet basic needs, reducing poverty gradually.