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Urbanization increases the consumer class as well employment. More people in cities will create more jobs. A bigger consumer class will obviously consume more resources and employment ensures people have money to spend. These two together increase consumer spending and hence drives the economy and state spending.
For example: An increase in Urban population will increase the need of infrastructure, food, healthcare facilities, etc. and thus will increase the need of human resource creating jobs. These people will earn and spend thus driving economy. These people will save also...thus giving money back to banks. Banks give this money to industry in form of loans.
So, this a whole cycle and everything is connected.
as one of the characteristics of urbanization, population growth in metropolises promotes the growth of consumption, at the same time also brings the problem of unemployment. Due to the influx of rural population and people's daily needs, such as food, clothes and transport, the percentage of consumption in economy increases more rapidly than before, this would conduce to national economic development. However, the price of labor declines increasingly seriously, which has caused a large number of unemployment, the same because of the population expansion in city.
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How did urbanization affect developing countries?
How has urbanization affected people in developing nations
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
How does the marketing affect the economy?
how does affect the all economy
How have recent changes in Egypt affected it's economy?
The urbanization or movement of rural people to the nations cities have effected egypts economy recently.
How does urbanization affect our environment?
Increasing urbanization will affect environmental condition in a country because increasing urbanization will affect the living condition and the development of birthrates and also development and condition are together in this case..loll
How did urbanization affect developing countries?
How has urbanization affected people in developing nations
How does urbanization and competitive global economy lead to deforestation?
The urbanization and competitive global is what raises the labor cost. This is for farmers.
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
How does urbanization affect the forest?
u can suck trees
How does urbanization affect mental health?
disscuss the factors
How does the marketing affect the economy?
how does affect the all economy
How do bio-fuels affect the economy?
it does not affect the economy
What affect does urbanization has on temperature?
The primary affect urbanization has on temperature is to increase it overall. Because of the concentration of people, buildings, and equipment, nature is unable to dissipate all the heat as it normally would.
How have recent changes in Egypt affected it's economy?
The urbanization or movement of rural people to the nations cities have effected egypts economy recently.
How does urbanization affect the climate?
the effect is that the climate changes into a cooler or warmer climate.
