The unemployment crisis in Mexico

             In Central America one of the most crucial economic problems is the gap between the poor and rich class. The middle class in their economy has not yet been strengthening by facilitating transactions and making credit and other financial products available. In a sense, creating strong incentives for investment can create a better productivity instead of just spending millions of dollars in new technology without first not knowing how to fully employ it. In Addition, different factors can increase economic growth for Central America, and the better financial access their citizens will have the better employment rate they will have. Economic growth is indeed caused by improvements of quantity and quality of the factors of production that a country can provide. Therefore, for Central America needs better production quantity and quality that only the good use of technology will increase their production. Growth is good for Central America with evidence suggesting that ten percent in income reduces
             A better production will indeed require and demand the use of more workers allowing employment for those citizens in Central America that are willing and able to work. The quality of life has decreased because equal opportunity has not been available in the last ten years. Most of the available jobs are part of the agricultural sector which the decrease of quality has increased unemployment rates etc. Economic resources can become scarce, which has been the case for Central America, which means that the scarcity of land in the face of the growing population means that the law of diminishing returns can also become relevant. The basis of argument of Thomas Malthus states that the law of diminishing returns predicts that an increasing amount of labor applied to a fixed quantity of land the marginal productivity of the land therefore will fall. In order to prevent this loss of productivity in the land, a new improvement must be provided which ca...

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The unemployment crisis in Mexico. (1969, December 31). In MegaEssays.com. Retrieved 21:57, April 19, 2024, from https://www.megaessays.com/viewpaper/24925.html