How does poverty influence the development of a nation?
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How does poverty affect a country's economy?
Poverty affects a nation’s economy in several ways. Because, by definition, that portion of a nation’s population living below the poverty line has little money to spend, there is less demand for many goods than might otherwise be the case. That adversely affects the supply-side of the economic equation, which means less money paid to others to produce, distribute and sell. Poverty also adversely affects a nation’s economy by diverting government revenue towards programs oriented toward the poorer and less-advantaged segments of the population, such as welfare and unemployment payments,
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How does poverty affect a country's economy?
Poverty affects a nation’s economy in several ways. Because, by definition, that portion of a nation’s population living below the poverty line has little money to spend, there is less demand for many goods than might otherwise be the case. That adversely affects the supply-side of the economic equation, which means less money paid to others to produce, distribute and sell. Poverty also adversely affects a nation’s economy by diverting government revenue towards programs oriented toward the poorer and less-advantaged segments of the population, such as welfare and unemployment payments,
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