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.
LEDC countries do not benefit as much as MEDC countries do, for example, sometimes much of the employment is low paid, low skill, long hours, meaning that the countries do not develop economically or give the opportunity to develop their skills. Another drawback is that there has been large negative press about TNCS and the poor working conditions in which people operate in, this include lack of safety requirements and the long hours of working. Multi-Nationals like high profit, and countries where there is less
GDP has been a common indicator to compare how a country has been faring overall. However, there are many problems associated with GDP as a measure of comparison which may undermine its importance. In every economy, there are some transactions that go unrecorded. This is because of the activities informal nature. This is especially true in developing nations since many of its activities are traded without the exchange of money.
Using named examples, assess the advantages and disadvantages of top down and bottom up development strategies (15 marks) Development is the ways in which a country seeks to develop economically and to improve the standards of living for its inhabitants. Numerous development strategies both top down and bottom up can be used by countries to help them progress. However, while these may be advantageous in certain areas, not all strategies are as effective everywhere and thus problems can arise with top down and bottom up development schemes. Top down strategies are generally capital-intensive and often conducted by the government. The main criticism of these schemes is the fact that the money which is supposedly meant to aid the poorest people in the country who are most in need is actually diverted to those who are richer instead.
The reason why new vocationalim was introduced was because there were wasn’t a balance of academic jobs and practical so it was introduced to promote practical work. Finn says Working class benefited at first they were getting paid while training but it was also helping the employers because they would get cheap labour.in the long run people who had received training would find it hard to
This could be because Bristol has already undergone a regeneration process. This would mean that employment was quite good due to new businesses moving into the area, which would in turn lead to more money in the local economy. This is called the multiplier effect, and if a city manages to achieve it then they can be seen as successful. This could also be compared to London, as the levels of household deprivation are very similar. This could be due to the size of the city, as the population in London is huge and therefore the results are varied.
Trans national companies start to set up there due to the massive population and amount of natural resources which provide potential employee’s and raw materials for industrialisation and new buildings are built for offices, factories and homes and it provides many more jobs for Chinese people. China has become wealthier because of this and more money is spent on healthcare and education, making the people healthier and better educated so are able to work longer, money is also spent on the basic infrastructure such as railways and roads, which improves transport links in the country. As well as internal changes and improvements, there are also global reasons for China’s development. In 2001, China joined the World Trade Organisation, so trading became more recurrent for China which boosted their economy rapidly. Due to the cheap labour available, Trans national companies have invested in China and therefore products are now mass produced there more than any other country in the world.
In order for corporations to make money, they produced things related to the rising popular culture.  The rise of this new culture was due to an increase of cities, rise of a consumer society, and the change in morals and behavior.  During the twenties, more than half of the population lived in cities. New social classifications were created: laborers and managers, blue collar and white.  There was also a rise of leisure time, emergence of an urban middle class, technological advances, and an increase of wages.
The factory system affected American life in many ways. First, it helped the American economy grow because goods were cheaper, more people could buy them. As people bought more, the factories needed more workers and more workers meant more people who were earning money to buy things. Second, the factory system contributed to the growth of cities. A single factory might hire thousands of workers.
Labor Unions and working Conditions. Working conditions were part of the problems that Labor Unions took care of. At the beginning of the industrial Revolution there were not many laws made for working field, without laws or having being told how to have a company/factory kept, owners were too uncaring and paid a little attention to the cleanliness of the business but more to the profit that was being made. Also owners were not paying their employees enough money, and the factories were unsafe. The cause of the problem was that owners were selfish and very greedy.