Economic poverty essay

We can define poverty as the condition where the basic needs of a family, like food, shelter, clothing, and education are not fulfilled. It can lead to other problems like poor literacy, unemployment, malnutrition, etc. A poor person is not able to get education due to lack of money and therefore remains unemployed.

Most LDCs experience growing inequality in income distribution with a majority of people remaining in poverty while a small elite captures a disproportionate share of gains from eco­nomic growth. Poverty and inequality imply absence of social justice.

In this poverty essay, we had describe poverty, its effects & measures to control poverty. Poverty is the condition of a person when he cannot fulfil his basic necessities of life such as food, clothing and shelter. Poverty is the condition of any person being very poor.

It concerns questions such as what percentage of total income is received by the bottom 10% of households and how far their standards of living are as com­pared with those of richer people. Relative poverty is essentially the problem of inequality in income distribution.