Shuyue You

Shuyue You

November 15, 2024

Economic growth, Disparity between rich and poor, Social inequalities and disparities.

The wealth accumulated by affluent individuals transforms into elevated and extensive consumption, ultimately driving market demand expansion and effectively propelling global GDP growth, thereby providing more employment opportunities. This work aims to quantitatively analyse and summarise the contributions made by wealthy individuals to socio-economic development, thus to extend and expand the discussion regarding how the investments and consumer behaviors of established businessmen bring benefits to the general populace, as well as its limitations in terms of social inequalities and disparities across nations or regions.

© 2024, the Authors. Published by ISCCAC

This is an open access article distributed under the CC BY-NC license