Why people buy in a Black market?
Purchasing stuff from the black market is illegal and does not have any benefits to the country or the economy.
The benefit for the customer is that he would get the stuff at a cheaper rate because of the tax evasion, duty evasion etc. Since this is illegal the customer and the seller both can be legally prosecuted for indulging in black trading.
getting very cheap items. example you can buy giftcards at only 10% of the value price. if you are interested in that scene check out www.blackmart.biz
As Lao Tzu said over 2,500 years ago:
"The people starve because those above them eat too much tax-grain. That is the only reason why they starve."
How do you compare and contrast between urban and rural poverty?
Urban-rural migration simply refers to the movement of people from urban areas to rural areas. In recent times, rural to urban migration has become more common, as more people move to urban areas in search of jobs. Urban poverty simply refers to the poverty people living in urban areas experience.
Can unemployment lead to poverty?
Unemployment leads to poverty because without employment a person has no reliable source of income. Every person has certain needs and wants (this could be related to consumption etc.) without any income a person cannot fulfill his/her basic needs. Poverty is a situation in which a person is unable to satisfy his/her wants. Now employment may be denied to a person because : that person might not have basic skills needed to accomplish the task(illiteracy),Or because of ill health, or because of discrimination /social exclusion. These reasons are either causes/outcomes of poverty. So you see unemployment leads to poverty but poverty too leads to unemployment.
Well, actually poverty can affect anyone at some point! Without knowing how a student of social studies would answer this question.. I would expect that poverty can affect the rich. For one thing if wealth becomes too concentrated and there are too many people at the low end who can't contribute to the cost of society (taxes to maintain infrastructure for instance) then more of that burden must fall to the wealthy. The wealthy who derive their wealth by selling goods and services to a mass market will be affected if the market dries up because too many individuals are too poor to be able to buy the goods/services. People suffering from poverty may become enraged at the despairity between themselves and the wealthy and may express that rage through a violent revolution and redistribution of wealth. Some wealthy individuals may feel concern about such a despairity and choose to give some of their wealth to better the condition of the poor or to help the poor find a way to prosperity.
How is technology helping to decrease poverty?
Technology is the physical devises of technical performance. It is marked by number of classes for different purposes such as medical services, household appliance, transportation and internet access also helps to get agricultural and educational information to villagers. To remove poverty majority of private and government companies of poor countries are actively participating to increase Information and Communication Technology in rural areas.
How does communism form poverty?
Communism has been established terribly. While designed as a future utopia where government will eventually cease to exist, communist states usually turn into authoritarian or even totalitarian states. The less democracy in a country, the more poverty. This is because freedoms are dismantled, citizens usually pay high taxes, jobs have lower pay for "fairness", etc.
What percentage of the people in Honduras are living in poverty?
60% according to the CIA World Factbook.
How micro finance reduce the poverty?
Micro finance seeks to provide financial services to the unbanked sections of the society - the poor and low-income people, typically in the rural areas. These services are provided by organizations called Micro-finance institutions - microcredit is a related concept, which means providing small value loans on little or no collateral.
Microfinance seeks to reduce poverty by providing permanent access of financial services, including loans, to low-income and poor households. For example: loans to farmers to buy agricultural inputs like seeds and fertilizers.
Population below poverty line in Zimbabwe?
over 20,000 live in poverty in zimbabwe!!!!
hope this helps
Effects of inflation in Indian economy?
current Indian inflation is 0.26 on 23/March/2009
1.54 percent for the week ended July 18 compared with last week's minus 1.17 percent.
2.inflation rate in India is 13.5 as on May 2010
Essay about poverty in the Philippines and its causes?
Poverty in the Philippines is a huge problem with many different causes. The Philippine Aid Society was founded to fight poverty in the Philippines. Its mission statement is "to provide critical goods and services to Filipinos in desperate need and where possible equip them with the means of self sustenance, in the name of our Lord Jesus Christ."
www.philippineaid.org
Create jobs, educate, end illegal immigration, educate, stop trickle down voodoo economics, educate, protect home ownership, educate, recreate the middle class, educate, create a health care safety net, educate, reduce the distance between the haves and the have nots, educate, and if in doubt, educate some more.
What happens to a society in which some people are very wealthy and many are very poor?
The ability to organize plan and execute that plan creates wealth. Wealthy people tend to have a single minded goal while many poor people tend to plan on working on a plan tomorrow.
There are exceptions to this rule, but this tends to be the norm. I have a great number of friends that made their wealth from ground zero. This is the common factor. Working 60 to 80 hours is a light week for most wealthy people.
What would be a solution for a country in poverty?
There is no easy solution as to get out of poverty, it is still, and probably always going to be a problem the world will always have. Much like the fact that there will be people that are greedy, and people that will hate because someone or thing is different.
What is the impact of poverty on teenage pregnancy?
After the boy makes the girl pregnant, the love will not last for ever, as most of these pregnancies came about through accident or ignorance, then after a while the boywill leave the girl, and poverty for her as she could not complete her studies.
There are many people in the world that write speeches about poverty. This is in hopes that others will understand the quality of life people who live in poverty have.
Is education the ticket out of poverty?
i believe so because if you are living in poverty, by receiving an education growing up you realize that whatever state that i was in whiles as a child when i grow up by receiving an education i can make life better for me and my family
What are the causes of urban poverty?
With so many people moving into the city taking up more space than needed this causes crowding which in turn can cause social discord amongst the people living there. Due to the overcrowding and loss of cultural togetherness there tends to be a need for more services such as police and medical needs. There tends to be a overwhelming rate of crime is such areas as well, which leads to more law enforcement housing (jails).
Was the 1920s a time of poverty?
Not until the very end; the stock market crash happened in 1929, starting the Great Depression.
What is a synonymy for poverty?
pennilessness, want, need, hardship, insolvency, privation, penury, destitution
What is the poverty level in India?
Over 3 billion people worldwide live in what is termed absolute poverty, meaning they have little or no money, food or shelter. On average, 25,000 children die DAILY from the affects of poverty. Of the estimated 2.2 billion children worldwide, 1 billion live in poverty.
Therefore it is safe to conclude that poverty is a HUGE problem!
For more info; www.globalissues.org
What is being done to eradicate poverty in Virginia?
people are trying to give money to the poor, starving people all over the world. People are creating websites to enable people to send money to other countries, without the possiblity of the money getting lost. there are other things too, but thise are just a few.
Steps taken by the government to remove poverty in India?
National Rural Employment Guarantee Act (NREGA) 2005
was passed in September 2005. The Act provides 100 days assured employment
every year to every rural household in 200 districts. Later, the scheme will be
extended to 600 districts. One third of the proposed jobs would be reserved for
women. The central government will also establish National Employment Guarantee
Funds. Similarly state governments will establish State Employment Guarantee
Funds for implementation of the scheme. Under the programme if an applicant is not
provided employment within fifteen days s/he will be entitled to a daily
unemployment allowance.
National Food for Work Programme(NFWP),
was launched in 2004 in 150 most backward districts of the country. The programme
is open to all rural poor who are in need of wage employment and desire to do
manual unskilled work. It is implemented as a 100 per cent centrally sponsored
scheme and foodgrains are provided free of cost to the states. Once the NREGA is in
force, the NFWP will be subsumed within this programme.
Prime Minister Rozgar Yozana (PMRY)
was started in 1993. The aim of the programme is to create self employment
opportunities for educated unemployed youth in rural areas and small towns. They
are helped in setting up small business and industries.
Rural Employment Generation Programme(REGP)
was launched in 1995. The aim of the programme is to create selfemployment
opportunities in rural areas and small towns. A target for creating 25 lakh new jobs
has been set for the programme under the Tenth Five Year plan.
Swarnajayanti Gram Swarozgar Yojana (SGSY)
was launched in 1999. The programme aims at bringing the assisted poor families
above the poverty line by organising them into self help groups through a mix of
bank credit and government subsidy.
Pradhan Mantri Gramodaya Yozana (PMGY)
launched in 2000, additional central assistance is given to states for basic services
such as primary health, primary education, rural shelter, rural drinking water and
rural electrification.