Explain Why Policies Designed to Reduce Urban Unemployment May Not

question 20

Essay

Explain why policies designed to reduce urban unemployment may not greatly reduce poverty in developing countries.

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Definitions:

Industry Life Cycle

A concept describing the stages of growth, maturity, and decline that industries experience over time.

Stable Growth

A phase where a company or economy grows at a steady, predictable rate.

Sales

The total revenue a company generates through selling goods or services, also commonly used to denote transactions in financial markets.

Threat of Entry

The risk existing businesses face when new competitors are able to enter the market or industry.