Importance of palm oil to the economic development, palm oil is a very productive crop. And the of it is increasing in a higher level,palm oil has impacted our lives positively. Because if you use it is very rare for one to get cancer or high blood pressure. You can also find palm oil in Indonesia and Malaysia, however the palm oil plays a major role in economic development. Palm oil production continues to grow speedily throughout the world. Most of people they are now using palm oil because its easy to use to make. People don’t need to go to shops to buy cooking oil.
Feeding global population
Palm oil is reducing poverty in rural areas and it encourage people. To start small business so that they will able to sell it and provide for their children. We have to encourage people to sell palm oil,so that they will not depend on government to provide jobs for them. People will never be hungry and homeless because they will be working and able to put something on the table.
Palm oil encourage business
Many farmers plants palm oil trees and these boosts economic development to reduce poverty in rural areas. It has provided better care for everyone because if you use it, is very rare for one to get diseases. When people are having business the economy will be stable and the rate of poverty will be reduced in the country.
In concluding, importance of palm oil to the economic development, it makes economy to be stable. And palm gives people a chance to work hard so that they will not live with poverty. When many people are working and having a importance-of-palm-oil-to-economic-development businesses, these will help the economy to be wealthy. And people who are working will be able to pay tax s o that the government will help people by giving them food parcels and other things .