<span>Protestantism is the second largest form of
Christianity which originated in Germany as a protest against Roman Catholic
Church. The moral code and work ethic is at the heart of Protestantism. As a
result of that, work ethic was an important force and influence behind development
of capitalism and the Industrial Revolution. By influencing the development of
capitalism, economic system in which allowed free trade and globalism, Protestantism
supported the trade in Europe. </span>
Solving poverty is complex and involves lots of aspects, but at its core it is about enabling people to make a reasonable living.
As poverty is created by the way that society and the economy operate, it can only be fully solved by changing these big issues.
Example : Creating more accessible jobs. Improving education and training so that people are able to ensure their hospitality. We need to have good jobs that offer a reasonable level of pay and conditions to help people work their way out of poverty. It’s also about ensuring that the welfare system provides a safety net that catches/helps people in need.
While we need structural solutions, they do little to help individuals and families struggling right now to manage and escape from poverty.
Example : We need social services to reduce the impacts of poverty (i.e libraries and health care) and enable people to find a way to improve their circumstances. The Commission recognises that, while such support will not prevent poverty reoccurring and affecting others, it is a vital part of the solution for those affected by poverty.
Explanation:
Supply shock occurs as a result of sudden increase or decrease in the supply of goods, commodities and/or services. In the short-run, the effect of supply shock brings about an increase in price level, shifting supply curve to the left.
