Many lower class citizens are at or below the poverty line and are have and unavoidable disadvantages and poorer chances to discover life’s possibilities. Regardless of the potential and ambition that a lower class individual could possess, he or she will not be given opportunities to succeed like a higher class individual. People who are considered lower class do not have access to many of the resources like a wealthier societies do. Based on their economic situation, they automatically start behind the eight ball. Wealthier societies have exceptional educational services which include better teachers, utilities, and curriculum, whereas poorer societies just get by on the bare minimum.
Conflict Theory has a macro sociological approach which means it has been done on a large scale using statistics, figures and research. One main feature of Conflict Theory is that there are power differentials within society and that these are in place to control and constrain those who aren’t in power to enable them to keep valuable resources to themselves resulting in those who are not in power or within the “ruling classes” to face inequality as they are unable to access these resources. These resources are private education, health care and better quality of housing amongst others. Another feature of Conflict Theory is that this conflict will result in change and that society is ever changing. While this feature can be used to explain incidents and changes that have occurred within society there is still a large gap between the resources available to those who are considered lower class or underclass compared to those with wealth within the United Kingdom and according to The Guardian newspaper inequality has risen faster in Britain than in any other country since 1975.
If the company has low skilled employees than they will not be making the most out of their assets because there will be more wastage in production, this can result in an increase in the amount being able to provide to the public. If production levels fall then the company will make less money because they will not be able to see as much to the public as they could if they did have highly skilled workers. Therefore it is important to review the workforce plan constantly to understand when more highly skilled workers will be needed. External The fact that the current market has a global shortage of mining professionals does cause a problem to the company’s long term projects. This is because the company will need highly skilled workers to maximise production without a large range to choose from.
Therefore, the economic problem will incur, causing an extreme decrease in the country’s GDP. The article illustrated that population growth plays an important role in creating the economic problem of scarcity within Australia, so the concept should be considered by the governments before decisions with respect to a “Big Australia” are
• These all factors are affected by high inequality. • High inequality also reduces people accessibility towards resources even it threatens the political condition of the economy, discourages the behavior of people towards individuals or enterprises and this become the hinder towards economic growth. • If we talk about countries which have high growth but low living standard then I will prefer countries like India and China in both the countries there growth rate is rising but there standard of living is not that much high. • GNP is the value of product and services by a labor and property which is supplied by the people of that country and it is calculated in one year but it is not considered the way on which the wealth is distributed .in case of underdeveloped countries only one percent of the population is maybe controlling 80 percent wealth. • Economy may be expand and by this GNP increase at high rate but the people may not experience any of the change or rise in their living
The article “No Babies” by Russell Shorto discusses how the population in Europe is drastically decreasing because the low birth rate and higher death rate. He discusses how the birth to death rate is very unbalanced as well, which is a result of the declining population. European culture is feared be lost due to the fact that the majority of the European population is mainly made up of older generations and few younger. In the article Population “7 Billion”, Robert Kunzig discusses how the population worldwide is increasing drastically. He discusses that although the population is growing, our planet may not have all the resources it needs to accommodate the growing population.
As a consequence many LDC nations rely on foreign health and economic aid putting them in a situation of unrepayable debt, so even less money can be spent on infrastructure and supporting the economy. As a consequence due to low levels of development FDI is more likely to look elsewhere where the economy and governments and stronger and more stable and where there are educated people. South Korea is not extremely religiously orientated, with half of all adults professing no religion. This could be seen as a reason for preventing development in other nations, as religion and tribalism segregate the nation and can lead to conflicts which damage the
Price is the most important variable to consider in this demand function. If the price is too high, the demand will be lower than expected and the new venture will fail. If the price is too low, the franchise will not make enough money to sustain growth, and will also fail. The relationship between price of complementary goods and quantity demanded is expected to be inversely related. Population size is being considered for this analysis because
Individuals with lower levels of education tend to deal with economic problems. In this fast growing and demanding era, living cost can be an issue for those who cannot meet the demand. The rent, utilities bills, food and not to mention when it comes to family with children; the diapers, formula, you name it, these basic necessity can be a burden for lower income parents. According to Bureau of Labor Statistic, the median weekly earning of people with no degree is $638 and the percentage of unemployment is 33%. This is due to the lack of interest by the organization to take them as employee.
Desertification is spreading and water supplies are decreasing at an a rate faster than nature can replace it. This begs the question as to why they have not put into place restrictions and plans to save the ever deteriorating environment. In addition to environmental decline the economic well being of the country leaves much to be desired. The World Bank and other such agencies have taken fiscal responsibilities away from the states as well as cutting expenditures on government payrolls, health care, education and other such public services. Unfunding these public services creates and propels the poor situation that these countries are in.