How Does Poverty Effect Business?


2 Answers

yarnlady Profile
yarnlady answered
It's self evident that when people are poor, they can't buy as much and they want lower prices.

Businesses who want to stay in business have to figure out what their customers will buy, and how to keep the prices as low as possible.
Ramona  Vandusen Profile
Ramona Vandusen answered

Poverty compromises the market's access to skilled labor which is essential for production of needed goods and services. Poor people lack access to good health care, which presents challenges in workforce productivity. The economy also spends more on health care for people who can't afford it.

Answer Question