KidSam Blogging


Here I'm friends coming with a new topic. That is Income Vs Unemployment. This is a disease that occuring in the developing countries. But in reality it also seen in developed countries like America, UK etc. Here people nowadays started rubbing money from rich and other beggars. Although these are developed countries but the crime rate is also very high.

In the developing countries the ratio of income Vs unemployment is very high. It's due to the high demand and low supply. So the salary of an average person in developing countries are very less as comparing to the developed countries. But the salary of an average person in developed countries is very high. But the rate of normal food, rent and other expenses are also too high as compared to the developing countries.

For example in India if we buy a burger it will cost us 50 rupees maximum. But if we purchase the same burger in USA we have to pay 5 dollar minimum. Converting the dollar into rupees it will cost minimum 400 rupees to a burger in America. This is called Purchase Power Parity. 

So if a person earning 30 lakh rupees in India is literally earning more than a person who is earning 40 lakhs rupees in America. This is because the high expenses rate. This is because in the developed countries the demand is already meet the supply. So in order to make demand the developed countries apply very less tax and promote high salary. So that people buy or invest and make demand. Thank you