Search
Generic filters
Filter by Categories
Accounting
Banking

Economics




Capitalism for the Poor


An emerging concept of capitalism that is proposed to start from the bottom upwards by accelerating the upward mobility of low-income, marginalized brackets of a society. This concept assumes that marginalized groups, such as ethnic minorities, can earn decent income by building up their businesses capitalizing on limited resources (e.g., personal savings, etc.) and as a result position and make their economic way through the established business environment.

In other words, such groups can improve their economic status by utilizing the principles of capitalism, taking into consideration their limited capital and entrepreneurship.

It is also known as bootstrap capitalism.



ABC
This section covers a wide-ranging array of terms and concepts, among others, in the area of economics and broadly the economy, both ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*