Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Cycle of Poverty

Cycle of Poverty

Surhone, Lambert M.
Tennoe, Mariam T.
Henssonow, Susan F.

Paperback

Economics

Currently unavailable to order

ISBN10: 6132473688
ISBN13: 9786132473684
Publisher: Vdm Verlag Dr Mller Ag & Co Kg
Pages: 212
Weight: 0.70
Height: 0.48 Width: 9.02 Depth: 6.00
Language: English
High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! In economics, the cycle of poverty is the set of factors or events by which poverty, once started, is likely to continue unless there is outside intervention.The cycle(s) of poverty has been defined as a phenomenon where poor families become trapped in poverty for at least three generations. These 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, poverty-stricken individuals experience disadvantages as a result of their poverty, which in turn increases their poverty. This would 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.

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