How poor people are able earn a living by using the strategies of gambling and informal trading

Question

Caity0403 Caity0403

13-08-2017
Health

contestada

How poor people are able earn a living by using the strategies of gambling and informal trading

Respuesta :

Otras preguntas

Let f(x) = x2 + 6 and . Find ( g o f)( -7)

find the surface area of the prism (photo attached)

Why do you think Civil Rights leaders such as John Lewis thought it was essential for African Americans to gain the right to vote? Why do you think they thought

If Andrew is staying in a primary sector economy, then which of these could be an important occupation in Andrew’s country? A. Hospitality B. Retail C. Insuranc

When jane visited morocco, she found it difficult to buy bus tickets as everyone pushed ahead of her. when she went home to the united states, she told her frie

Why did antislavery activists angelina grimké, sarah grimké, and maria stewart encounter hostility in the north? a. no one was receptive to the substance of the

Assume that at the current exchange rate, the british pound is worth $1.65 in american dollars. you have some dollar bills and several british pound coins. ther

The northwest Ordinance of 1787 created The process by which

When it is your turn to read your poem aloud in the class, your heart starts to thump in your chest and your palms get sweaty. this act is the ____________ comp

Use three different values of n to demonstrate that 2n + 3n is equivalent to 5n.

johnkellock johnkellock · Answer 1 · 2017-08-26T01:51:06+02:00

Through strategies of gambling and informal trading, poorer members of society have access to more trading methods. Gambling allows people with low amounts of cash flow to generate higher amounts through betting on odds, this strategy, however, is highly risky as it can often result in higher losses than gains. Informal trading is the act of trading items, services, and acts in the spaces deemed "public", through informal trading people with low amounts of start-up capital can trade without paying tax, using a cash trade strategy, this allows returns to be higher, and allows for a steady stream of income.

smarazazaidi smarazazaidi · Answer 2 · 2019-07-28T11:56:28+02:00

In poor people have a higher rate of gambling compare those with higher income. They are hoping to win a huge amount of cash by gambling and think a quick way to become rich.

Further Explanation:

1. Gambling:

Gambling is a diverse activity, so various kinds of gambling addiction exist as well. It is not always obvious when somebody is dependent to gambling. Contrary to popular belief, the demonstration of gambling is not restricted to slot machines, cards and casinos/club. Purchasing a lottery ticket, entering a raffle or making a bet with a friend are also forms of gambling .

2. Cause an addiction of gambling :

Many elements can contribute to a gambling addiction, including urgency for money, the desire to experience thrills and highs, the economic status related with being a successful gambler, and the entertaining environment of the mainstream gambling scene. Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and needs to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost. Most gamblers never even come close to original investment.

3. Informal trading:

The non-registered, non-bookkeeping and non-tax paying grassroots-based individuals or group of household members whose strategic approaches depend on street vending or hawking but not limited to selling or providing small quantities of products and services to an undefined market to gain a living.

4. Causes of informal sector:

limited assimilation of work, especially in nations with high rates of population or urbanization.
over the top expense and administrative barriers of passage into the formal economy, often motivated by corruption.
unreasonable expense and administrative barriers of entry into the formal economy, often motivated by corruption.
limited digestion of work, particularly in countries with high rates of people or urbanization.

Subject: Health

Level:High School

Keyword:Gambling, Cause an addiction of gambling, Informal trading, Causes of informal sector.

Related links:

https://brainly.com/question/1931861

https://brainly.com/question/760537