How vicious circle is formed and its solution?
Most of the developing countries are caught in the vicious circle of poverty. The economists are researching to break this vicious circle. A country cannot make development due to it. The main reasons for the vicious circle are the high rate of population and low productivity. By researching the economic assignment help experts to understand about different problems of the economy.
Main reasons
ยท High rate of population
The main reason is the high rate of population in the country. If the population rate is decreased then a country can break the vicious circle. Another reason for the vicious circle of poverty is low income. People have very low income due to which there are no trends of saving in people. Their whole income is consumed in their expenses. They are not able to make any type of investments due to a lack of capital. If I find any problem while studying economics I research to understand it properly and then I am able to take my online economics exam for me.
How to break it
By decreasing the population rate we can easily break the circle. People have to make savings by decreasing their expenses on unnecessary things. When their income is increased they can save money easily and make investments in the country. By investing their money they can start new businesses which will provide employment opportunities. They can make short investments which will help them to get goods at fair rates.
