Which of the following is the most critical factor contributing to poverty reduction across the world? Sustained economic growth Policies of income redistribution by governments. Foreign aid. Education
Which of the following is the most critical factor contributing to poverty reduction across the world? Sustained economic growth Policies of income redistribution by governments. Foreign aid. Education
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following is the most critical factor contributing to poverty reduction across the world?
- Sustained
economic growth - Policies of income redistribution by governments.
- Foreign aid.
- Education
Expert Solution

Step 1
The most critical factor playing a role in poverty reduction across the world is commerce, trading, exchanges between different countries. All these factors lead to economic growth. Economic growth leads to the introduction of new job opportunities, new scenes, new businesses, new investment plan which helps in reducing unemployment. Unemployment is also a factor in causing poverty. Economic growth helps in reducing unemployment and also providing opportunities to poor people. Hence, leading to reducing in poverty.
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