Economic burden refers to the financial strain experienced by individuals, businesses, and governments. This topic explores the societal costs linked to factors...
Key causes include high inflation, unemployment, rising healthcare costs, national debt, significant income inequality, and geopolitical instability leading to resource scarcity or trade disruptions.
Individuals face reduced purchasing power, increased debt, limited access to essential services, diminished savings, and heightened financial stress, often leading to a lower quality of life.
Governments implement fiscal and monetary policies, social welfare programs, and regulatory measures aimed at stabilizing the economy, controlling inflation, reducing debt, and supporting vulnerable populations to mitigate financial pressures.