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To accomplish its goals and move the nation forward, a country needs the involvement of young people. According to a World Bank study, youth make up around 75% of the population in Kenya. By involving them in the country's Sustainable Development goal, Kenya would experience an increase in economic activity and property values, which will boost the country's productivity and competitiveness.
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Despite Kenya's unreliable economic indicators, instances of youth empowerment by a variety of local groups, including knowledge development, personal development training sessions and programs, coaching, and socio-civic involvement, have shown to be a game-changer for Kenya's economy. In order to benefit the nation's economy, the youth have effectively applied the knowledge they have acquired across a variety of sectors.
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Youths, as an economic force that can both drive and create demand for goods and services in the rising digital economy, have made improving labor productivity a piece of cake. The usage of the digital economy has contributed to improve people's living standards through the creation of online content by influencers and the driving of various jobs in online platforms such as Jumia, resulting in cultural diversity which in turn enhances higher economic prosperity of the country.
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The youth have been able to do the following thanks to job possibilities and economic literacy:
1. Create products and designs
GDP growth results from turning a good that meets consumer demand into an economical good and increasing its output while utilizing raw materials without compromising the quality of those materials or the selling price of that quality.
2. Sell services
They accomplish this by providing the general people with necessities like healthcare, education, transportation, etc., which enables them to make money that is utilized to pay taxes.
3. Remit taxes
The Kenyan government collects taxes from the youth through the sale of goods and services, which is how they are able to meet their budgetary needs and provide the public with critical services.
4. Make purchasing decisions
One of the most important parts of the economy is played by young people. They make choices about the kinds of economic goods or services to purchase just like everyone else. This alone encourages a nation's economy to grow.
5. Promote a range of goods and services
A consumer economy is driven by marketing, which advertises products and services to potential customers. Successful marketing tactics used by a company result in more tax collections and eventually greater economic growth.
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6. Cut costs
A wise piece of advice is to save money since it enables young people to make new investments, manufacture new capital products, and maintain economic growth. The economy recovers considerably more quickly when people are able to deal with financial distress.
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Kenya's economy and the country as a whole will benefit from more youth participation and sufficient preparation.
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