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Several Unfavorable Estimates on African Americans Implicate Poverty: Need for More Understanding and Participating in the Market Economy

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  • Amaechi N. Nwaokoro
  • Victor Williams
  • Sandra Washington

Abstract

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.

Suggested Citation

  • Amaechi N. Nwaokoro & Victor Williams & Sandra Washington, 2021. "Several Unfavorable Estimates on African Americans Implicate Poverty: Need for More Understanding and Participating in the Market Economy," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(9), pages 1-84, August.
    • Handle: RePEc:ibn:ijefaa:v:13:y:2021:i:9:p:84
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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