Open AccessSeveral Unfavorable Estimates on African Americans Implicate Poverty: Need for More Understanding and Participating in the Market Economy
Author(s) -
Amaechi N. Nwaokoro,
Victor Williams,
Sandra Washington
Publication year - 2021
Publication title -
international journal of economics and finance
Language(s) - English
Resource type - Journals
eISSN - 1916-9728
pISSN - 1916-971X
DOI - 10.5539/ijef.v13n9p84
Subject(s) - purchasing power , unemployment , poverty , economics , recession , great depression , depression (economics) , entrepreneurship , general partnership , economic power , business cycle , power (physics) , demographic economics , development economics , economic growth , macroeconomics , political science , finance , politics , physics , quantum mechanics , law
This empirical study references estimates of the critical economic misery indices such as unemployment, incarceration, poverty purchasing power disparity to present the stunted economic status of African American in the contemporary free market economy. Most especially, the estimates of the unemployment present that African American is in an economic depression when the white is in an economic recession. These estimates have led a disproportional purchasing power disparity faced by the group. The study encourages elevated market entrepreneurship, business partnership, and education to minimize the misery economic indices.