Economy, asked by harshit290, 1 year ago

how is how virtous cycle and vicous cycle of poverty created?

Answers

Answered by Pluvio
2
The cycle of poverty has been defined as a phenomenon where poor families become impoverished for at least three generations, i.e. for enough time that the family includes no surviving ancestors who possess and can transmit the intellectual, social, and cultural capital necessary to stay out of or change their impoverished condition. In calculations of expected generation length and ancestor lifespan, the lower median age of parents in these families is offset by the shorter lifespans in many of these groups.

Such families have either limited or no resources. There are many disadvantages that collectively work in a circular process making it virtually impossible for individuals to break the cycle. This occurs when poor people do not have the resources necessary to get out of poverty, such as financial capital, education, or connections. In other words, impoverished individuals do not have access to economic and social resources as a result of their poverty. This lack may increase their poverty. This could mean that the poor remain poor throughout their lives. This cycle has also been referred to as a "pattern" of behaviors and situations which cannot easily be changed.


Answered by Anonymous
0
HEYA
HERE IS YOUR ANSWER

POVERTY OF VICIOUS CYCLE
the cycle of poverty has been defined as a phenomenon where poor families become impoverished for atleast three generations
for enough time that the family includes no surviving ancestors who possesses and can transmit the intellectual, social and cultural capital necessary to stay out of change their
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