Economic theory suggests that when poverty affects a significant portion of the population, these effects can extend to the society at large and produce slower rates of growth. ... For example, areas with higher poverty rates experience, on average, slower per capita income growth rates than low-poverty areas.
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Economic theory suggests that when poverty affects a significant portion of the population, these effects can extend to the society at large and produce slower rates of growth. ... For example, areas with higher poverty rates experience, on average, slower per capita income growth rates than low-poverty areas.
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