Answer to Question #97358 in Microeconomics for atif

Question #97358
discuss the role of values inthe development economics
Expert's answer

In development economics the roles for growth involves questions about nature of virtue,goodness and duty.The following are the roles;

  • Job development - economic development makes citizens to earn better salaries and some benefits which enables advancement in areas like good infrastructure etc.
  • Business growth - business succeeds when their is community participation and supports and this is for those people who are living in urban centers thus makes rise in the development economy.
  • Improved living standards - the more people are taxed the more living standard of the residents in the region would have good life since they generate revenue for their development.

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