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Because it still faces growing economic challenges such as, unemployment, inequality and lack of high education among it's masses.
Agriculture- The agriculture sector suffered from low productivity and stagnation was saddled with surplus labour.It contributed more than 50% of the national product. Poverty- Indian economy was shsttered economy on the eve of independence.poverty was all prevailing and wide-spread. Per capita income was very low.
In the southern parts of England in 1855, most of the inhabitants were poverty stricken and worked in agricultural positions to earn a living. Manufacturing plants also employed many workers at minimal wages.
The development of a more modern agricultural economy was hampered by the South's reliance on a single cash crop and sharecropping, which sent it into deeper poverty and debt.Simplified: Sharecropping & Reliance on 1 Cash Crop
Poverty exists in a free market economy because people can choose how to make their money.
Globalization leads to interdependence among nations because it brings some nations money and others are brought into poverty. Globalization is good and bad for any nation.
Poverty has to do with the econonomy and money. It relates to it because in the economy different things can happen depending on the situation. Poverty can happen depending on how an economy is functioning at that time period.
Poverty exists in a free market economy because people can choose how to make their money.
John Kenneth Galbraith
yes, because population is one source of poverty...:)
Many developing nations face a struggling economy as it is growing. It is a a huge hurdle to overcome. Other major areas of concern are education and poverty.
Generally speaking, poverty-stricken developing nations have extremely high birth rates. Usually because of lack of contraception and need of as many children as possible to work and to survive disease etcetera
poverty cause of poverty
The project sponsored by the United Nations to eliminate extreme poverty worldwide is called the Millenium Project.
Definition of Population below poverty line: National estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Around 2% of population