- Economics
Poverty is the result of mismanaged economics. With resources running very
low, it is important to balance and utilize whatever is left to efficiently produce goods
and services to satisfy growing demands.
- Supply and
Demand
When commodities are running scarce, they are not for free. They often come with
a price tag attached, and their affordability is dependent upon the availability and the
demand.
- Social/Cultural
Issues
Mentalities such as crab mentality, materialism and consumerism affect the way
people progress in society. Their economic behavior is very much influenced by personal
vision and morals.
- Poverty Cycle
There is a certain process in which poor people remain poor in society. The
unfortunate continues to run in the rat cage of poverty unless a revolution is done to
break the cycle.
- Natural Disasters
Poverty is inevitable in developing countries where they are plagued by floods, droughts
and other problems. The poor becomes poorer when typhoons, earthquakes and fires, for
their livelihood is inevitably gone.
- Poor Education
Education is one the most important factors in any aspect of economic progress.
It plays a key role in developing any country, and if it's not nurtured well
enough, society will just continue their path to regression.
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