Economics of poverty

The economics of poverty examines how limited financial resources affect individuals’ ability to access education, healthcare, and stable employment. It explores factors like low income, lack of assets, and restricted opportunities, which can trap people in a cycle of poverty. Addressing these issues involves understanding how economic policies, social programs, and market conditions influence poverty levels. The goal is to identify ways to improve income, create jobs, and provide support systems, enabling individuals to achieve financial stability and improve their quality of life.