Economic development or development of wealth is considered to be very essential for the growth of a nation. “Drops combine to make an ocean.” You must have heard this quote many times before. I am here with an example of this quote. Economic development of every person of a nation will definitely lead the nation in generating immense revenue out of the taxes paid by these economically developed people. Thus it becomes very important for the authorities to focus on the economic development of the individuals of their nation.
Economic development is anti-venom for the poison called poverty. Poverty can be simply defined as having below than lowest income. Hence when the individuals start making more money i.e. hike in the economy of a person, then poverty will itself find a dark corner. We being a responsible citizen of a republic should pay our taxes on time and also donate some wealth for the economic development of the people below poverty line.