Several mechanisms economic development uses to reduce poverty
Lack of employment is one major problem facing my country and that is why it has been difficult for people to achieve financial freedom, people keep on migrating to other countries where there are job opportunities so I have to find greener pasture
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When an individual has a job such person entertains a sense of stability and security and such person will no more be vulnerable in the eyes of family members and when there is crisis there will be financial solutions there will be financial solutions so creating job opportunities do not only reduce poverty but also enhances peace in the family.
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When a project is going on workers are needed and that is a form of creating job opportunities that provides income for the local community, when there are good infrastructure like good roads public transport health facilities as well as schools in such area will be accessible by different people there by improving the economic system of those community.
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Most people are well skilled entrepreneur but lack of finance has destabilized them so if an entrepreneur has access to finance he will start doing well generating sustainable income that will enhance financial stability also access to finance enables people to invest in different projects and this will reduce relying on one stream income method.
You might imagine what am really talking about, visit the link below to know more
https://inleo.io/@beauty197/how-economic-development-reduces-poverty-