IGCSE Economics Paper-2: Specimen Questions with Answers 44 - 45 of 100

Passage

Poverty means of not having enough possessions or material or income to fulfill the basic needs of a person.

Question 44 (3 of 5 Based on Passage)

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What do you understand by sustainable development goals?

Explanation

  • United Nations adopted the sustainable development goals in 2015 as a step to eliminate poverty, preserve the planet and make sure that people enjoy peace and prosperity by the end of the year 2030. In sustainable development goals there are 17 goals for a balance in the social, economic, and environmental sustainability.
  • The countries have come together for the progress of the nations who are left behind. These countries have pledged to leave no country behind and are committed to keep a track of their progress. Through sustainable development goals countries are contributing to “zeros” i.e.. zero poverty, zero hunger, zero AIDS, and no discrimination against women and girls. Creativity, technological know-how and financial resource is required from different country to achieve the goals of “Sustainable Development Goals.”

Question 45 (4 of 5 Based on Passage)

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How can be poverty eradicated?

Explanation

Poverty can be eradicated by using the following measures:

  • Control of population: Poverty can be removed by controlling the population in the countries. Controlling of population leads to increase in the per capita income of the country. People must be made aware of it.
  • Employment opportunities: Employment must be generated for the people both in urban as well as rural areas. Small scale and cottage industries must be promoted to increase employment.
  • Reduce inequality: By reducing the disparities in income i.e.. by minimizing the gap between the rich and the poor job and education opportunities must be provided to remove poverty.
  • Land reforms: Through various land reforms measures by the government small farmers must be provided employment and thereby help in removing poverty.
  • Social security measures: Various social security services like medical and health services, provident fund, pension etc. must be provided to the rural and urban population to overcome poverty. It will lead to improvement in the living standards of people.
  • Balanced regional development: Government in its budget must introduce and allocate funds for the development of the backward region.
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