Question

1. Suggest giving full details, THREE legal strategies families in the community may use to improve their economic situation.
2. Explain FULLY why EACH of the strategies suggested above is likely to be successful.

Answer 1

Families in a community can use three legal strategies to improve their economic situation, such as:

• starting a business,
• studying financial education and
• investing their money.

1. Starting a business can be a good strategy for a family to increase their income, as sole proprietorship is an easy and unbureaucratic way to start a business that can be creative and innovative to meet the needs of people in your community.

2. Studying financial education is also essential for a family to manage their savings more effectively, organizing their expenses and not incurring debt.

3. Investing your money in the stock market is also a good option for families to receive dividends favorable to their economy and also have a financial safety reserve.

Learn more here:

https://brainly.com/question/18176193