Biggest Economic Problem Hard to be Solved
The biggest economic problems facing in every country are its high unemployment rate, its heavy business tax burden and its unwieldy government bureaucracy. The high rate of unemployment is caused by the heavy employment taxes that businesses must pay to employ people legally. High business taxes and red tape discourage foreign investment. The current poor country government is trying to solve these problems. There is also very strong black market in poor country which is not giving any benefit for people. The dimension of black market is really not known. This means that the poor country economy problem is probably a lot stronger than it appears on paper because of the size of the fact that we can’t measured before. The government country should not only care about domestic market but foreign market must be taken care too because it also gives significant factor for the country wealth. Actually the economic problem is really big especially because of the global crisis so sometimes the government event is trying to solve the problems but it is unlikely that a solution will be found very soon. Make all people in a country to live well be not easy. It needs lot of efforts from the government and consuming time too. The citizens should be patience.