How to write an economic growth essay

How to write an economic growth essay

It is very important to have your ideas on how to improve the economy. So, you need to know how to approach it. It is especially important to do so in a topic like tourism. The growth of the middle class in the world is considered to be one of the most important factors to the economic growth of the country. So, the topic of the economy, being one of the biggest drivers of social, economic growth, is always tough to talk about. Nevertheless, some topics are quite easy to write about. For example, you can easily find an essay on the relationship between tourism and growth of the middle class. In this article, we will talk about the specialties of the economic growth.

In case if you are already working on your essay for students, you will be happy to see that the topic is not only about the wages but also about the history of the middle class in the United States. Therefore, it is understandable that, even before the current generation of students are born, they automatically get used to the notion of the American Dream. And, of course, it is equally true for the modern and the older generations. In fact, the two concepts are not identical. This difference is the one to which the modern society owes its existence.

History of the middle class in the United States for money

The topic of the middle class in the United States is long and complicated. It is largely regarded as the inheritor of the American Dream. The American Dream is a sort of American ideal, the heritage of those who overcame obstacles on the path from poverty to wealth. It was and remains an aspirational ideal for the vast majority of the immigrants. So, throughout the history of the United States, the middle class has always been at the center of attention of the society. And this segment of the population was able to take the victim’s position without any external help.

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Although the number of self-made millionaires is impressive, and it is even harder to meet the social needs of the majority of the population. In the cultural sphere, the middle class is very powerful. No wonder at various stages of the development of society the aspiration for equality has always been quite clear. To date, this idea is so deeply embedded that the impression of it is often quite understandable even by the vast majority of students, and this sense of community is often completely taken over the actuality of life. In the Northern states, the ideals of the equality of opportunities and equality of the results achieved by the middle class have become so ingrained that the concept of equality has become a sort of necessity for the entire society. In the Southern states, the ideal of equality of opportunities was formed exactly within the framework of the Manifesto, which in its turn, was the result of a process of social mobility and democratization of developed countries. You may note in the essays on income inequality that, in the Manifesto, the upper and middle classes represent the “[good” and the “featured” parts of a society. Through its maintenance, widening and strengthening, the state can prevent high income inequality.

The state thus uses the powers of social mobility to achieve the goals of a social order. However, the actual implementation of this mechanism is often very contradictory. In the modern theoretical and practical material, the role of social mobility is often grossly exaggerated. The notion of equality of opportunities is often so narrow that the application of the opposite of the initial tendency is recognized as the correct solution of economic inequality.

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How to prevent income inequality?

Given the realities of modern American history, the pursuit of economic equality causes increasing attention to the problem of economic inequality, which, in turn, provokes increasing attention to the existence of social preconditions for both the economy and the distribution of incomes.

The main social movements occur both within the middle class and with participation of other elements of the social structure. Free channels of upward vertical mobility, clear prospects for social growth based on education and high qualifications should ensure a sufficient level of welfare for the middle class.

In order to achieve this goal, a level of welfare must be improved. It is necessary to add some measures in the sphere of economic inequality for high income families. The following formula may be used in studies of income inequality: the labor receipts dominate in the structure of the incomes of the middle class. Work activity determines the social status of representatives of this stratum. In the process of labor, the distribution of incomes is usually preceded by a set of changes in the status of the recipient.

The following trends are observed in the last half of the twentieth century: the labor receipts dominate as the main category of income in the incomes of the middle class. Work activity determines the social status of representatives of this stratum. In the indicators of economic inequality, the share of labor resources is most clearly shown in the results of the first half of the twentieth century.

The causes of social inequality lie in the processes of the economy crisis and crisis in the material and social sphere of the United States.