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"Navigating the Economy of Freebies: Benefits and Risks"🧭💰
People have been arguing about whether or not free things from the government are good for a long time.🗣️💬
Let's understand both sides of the coin in this 🧵from an economic point of view.👇
#Freebie #FreebieAlert
People have been arguing about whether or not free things from the government are good for a long time.🗣️💬
Let's understand both sides of the coin in this 🧵from an economic point of view.👇
#Freebie #FreebieAlert
1) Let's start with an important point:
It's crucial to distinguish between freebies and welfare programs.
In my view, a welfare program is something that can benefit a country in the long run, both economically and by improving the lives of its citizens.
It's crucial to distinguish between freebies and welfare programs.
In my view, a welfare program is something that can benefit a country in the long run, both economically and by improving the lives of its citizens.
Hence, in the long run, states should invest resources & allocate capital to sectors such as:
✅Education
✅Health
✅Agriculture
✅R&D
✅Infrastructure
This will aid in the creation of additional employment opportunities and the sustainable, long-term reduction of poverty.
✅Education
✅Health
✅Agriculture
✅R&D
✅Infrastructure
This will aid in the creation of additional employment opportunities and the sustainable, long-term reduction of poverty.
