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Purely in Economic context, yes, poverty can set off a vicious circle, culminating in even more poverty. It goes something like this : Poverty > Less Income > Less Consumption > Low Consumption Expenditure > Low Revenue for firms > Lesser Production > Lesser Income for Factor Inputs > Poverty Therefore, this vicious circle will keep on incrementing. This can be prevented by suitable injections of capital investment by governments to increase availability of credit in the economy.
whatever we say same we have to practically do. it is the duty only not for our government. even all citizens of country have to help to alleviate the poverty only then we can get out of poverty
It can't. Getting into debt will not help poverty
yes
Badruddin Umar has written: 'Poverty trade of Dr. Yunus' -- subject(s): Grameen Bank, Microfinance, Corrupt practices, Poverty, Development credit corporations, Rural credit
the cause is lack of good leaders
destroy it
yes, Credit report is very important
The majority of the people in the developing world lives under an absolute poverty level. These credit card may be used for the informal groups.
Keep the card , and or destroy it .
You credit score will decrease significantly if you do not pay your minimum credit card payment every month. Unpaid cards will be reported as delinquent and really destroy your score.
Manfred Zeller has written: 'Rural finance and poverty alleviation' -- subject(s): Agricultural credit, Finance, Government policy, Informal sector (Economics), Poverty, Rural credit, Rural development 'Effects of credit programs on agricultural production and crop income of smallholders in Malawi' -- subject(s): Agricultural credit, Agriculture, Economic aspects of Agriculture, Farm income, Small Farms 'The Triangle of Microfinance'