VICIOUS CIRCLE OF POVERTY
CONCEPT OF POVERTY & VICIOUS CIRCLE OF POVERTY Meaning of poverty:- In simple terms, poverty is not having enough money or access to resources to enjoy a decent standard of living; be that the lack of access to healthcare, education or sanitation facilities, etc. The simplest definition of being poor is ‘being unable to subsistence’ that is, being unable to eat, drink, have shelter and clothing. Types of poverty:- Primary poverty means not having enough money to meet basic needs, it can also be considered as ‘living below the poverty line.’ Secondary poverty is when people earn just enough money to afford the necessities but spend part of it on “coping mechanisms” to deal with financial and work-related stress (high risk and/or difficult working conditions due to abuse and long hours) and therefore end up struggling to make ends meet. Absolute poverty is when we consider every poor person as equal. The general definition of poverty which is valid at...