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what is a vicious circle of poverty show it or explain from both demand and supply sides

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Q: What is a vicious circle of poverty show it or explain it both demand and supply sides?
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What is Ragnar Nurkse's vicious circle of poverty?

'A Country is poor because it is poor' Example-low income-low demand-low investment in goods-low productivity-low income.. this the vicious circle of poverty..........


Vicious circle of poverty developed by?

Circle of poverty basically means that when one person is in 'poverty' or no money then they have to obviously earn some. but in order the make a profit and make a living it means someone else will lose out and become poorer. So the whole thing starts again; Just one big Circle. We can also say that when one person lives below the poverty line he will not be able to send his children to school. This leads to illiteracy. so he will also be poor and his children will also be poor. This leads to the circle of poverty.


How do you break a vicious circle of poverty?

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


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Why is iron cheaper than gold to extract?

It's a sort of vicious circle. Gold is expensive so it is much in demand. So gold is extracted from rocks where it forms an ounce or less in every ton of rock - which is expensive! Iron is not so rare and is easier to extract.


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