Why Is Poverty A Cultural Problem?

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Living in a world where richer gets rich and poor has more children, the only question that arises in our mind is poverty an economic or a cultural problem? Whose fault is poverty? Is it the fault of the poor themselves (V. Reeves, May2015), who should be working harder, making better decisions, and committing to their own futures or the community and government who should consider the policy making considering the poor’s and economy of the country and the world itself?
Poverty is a state of being extremely poor and can be defined as a state of deprivation of the satisfactory needs of basic human necessities. In addition to a lack of the state, “poverty is also about not being able to participate in recreational activities; not being able …show more content…

One of the several causes of poverty is underdevelopment of the countries. Economic growth is an essential element for reducing poverty and upgrading quality of life in underdeveloped countries. Good and stable economic growth implies prosperity, employment opportunities, production and investment. Reasons behind USA, UK are the powerful economies because they have strong economic growth that advances production, investment, consumption and savings. Economic growth is measured by Gross Domestic Product (GDP) or Gross National Product(GNP). GDP measures economic activity within country’s borders whereas GNP measures annual income, expenditure and Investment for primary, secondary and tertiary sector of the economy. In other words, it calculates total income earned in the country annually. As per world bank classification countries with less than $1035 Gross National Income per capita are classified as low income or least developed countries(LDC). These countries have insufficient investment, production, consumption and savings. As per the United Nation Economic and Social Council., the list of LDC’s are Bangladesh, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Comoros, Eretria, Ethiopia Gambia, The Guinea Guinea-Bissau, Haiti, Kenya, Kyrgyz Republic, Liberia, Madagascar, Malawi, Mali, Mozambique, Myanmar, Nepal, Niger, Rwanda, Sierra Leone, Somalia, Tajikistan, Tanzania, Togo, Uganda and

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