economicsWhat kinds of people are a liability to the economy?
What kinds of people are a liability to the economy?
A
See AlsoWhat Are Financial Assets? - NationwideIs current account a liability or an asset for banks? - iBlogsBalance Sheet: Explanation, Components, and ExamplesTotal Liabilities: Definition, Types, and How To CalculatePoor
B
Healthy
C
Elite
D
Illiterate
Solution:
Illiterate people are a liability to the economy.
The population's quality ultimately determines the growth rate of the nation. People who are illiterate and unHealthy become a financial liability because they cannot utilise land and capital productively or add value to any economic activity. An illiterate and diseased population is a liability to the economy. They have a low or no income. Technology is underdeveloped, resulting in a country that is underdeveloped or impoverished. Productivity has decreased. In life, they have not been successful. They eventually weigh down the whole economy and become a liability for the entire nation.
