Work is an important means through which people provide for themselves, serve society and contribute to national development. Productive work may be formal or informal, paid or unpaid.
Importance of work
Work provides income, develops skills, produces goods and services, supports families and contributes to public revenue. Honest work also promotes dignity and self-reliance.
Social security
Social security consists of measures that protect people against risks such as sickness, workplace injury, disability, old age and loss of income. It may include insurance, pensions, family support and other lawful protection systems.
Banking and saving
Banks and microfinance institutions help people save, make payments, obtain loans and support investment. Responsible financial behaviour includes keeping records, comparing costs, protecting account information and borrowing only when repayment is realistic. Community savings groups can also support members when they are managed honestly.
Economic development
Economic development is strengthened by education, entrepreneurship, agriculture, industry, reliable infrastructure, fair trade, responsible taxation and protection of public resources. Citizens contribute by working honestly, paying lawful taxes and avoiding corruption.
Summary
Work, savings, social protection and responsible economic participation improve household welfare and national development.
