- 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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