Poverty can be defined as a social problem under which section of our society is not able to fulfill even the basic necessities of life. When a large segment of a society is deprived of the minimum level of living and continues at a mere subsistence level, the society is said to be suffered with mass poverty. In less developed countries poverty is abysmal. In such countries the picture malnourished, poverty stricken and survival oriented people.
CAUSE OF POVERTY
(1) Underdevelopment - The basic cause of poverty, is the
underdevelopment of the country. Due to this, a large number of people have to go without even the most essential needs of day to day life because total national income and hence the total consumption, is too small relatively to the enormous size of the population.
(2) Inequality - The second cause of poverty is the extreme inequality of income and wealth in India. Infact it is said that underdevelopment and inequality are the twin causes of poverty. It is inadmissible to ignore or underplay either factor.
(3) Low per capita income - Poverty is also reflected in India by the low per capita income
(4) High Growth rate of population - The rate of increase in population has been very fast in India. This has failed to bring about the required improvements in the standard of living.
(5) Unemployment - As the number of unemployed increases, the poverty also increases at the same pace.
(6) Inflation - Continuous rising prices are also the cause for poverty. When prices rise the purchasing power of money falls and they lead to the misery of the lower middle and poorer sections of the society.
(7) Capital deficiency - Deficiency of capital is also the cause for poverty. This results from the low per capita availability of capital and
the low rate of capital formation.
(8) Social factors - Due to prevalent socio-cultural institutions, the people are caught in the vicious circle of poverty. It becomes impossible for them to get out of it.
(9) Regional Disparities - There are extreme regional disparities responsible for the poverty of the people of certain regions against the
prosperity of others. States like Punjab and Haryana are the richest on the basis of their agricultural development and so are Gujarat,
Maharashtra and West Bengal but states like Bihar, Orissa, Madhya Pradesh, Uttar Pradesh continue to be backward with their immense and poor population.
(10) Low Technology - Low level of technology is also responsible for the poverty of India. As a result of low technology, the per capita productivity remains at a low level , and thereby keeping the economy in the state of poverty.
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| Cause of poverty |
CAUSE OF POVERTY
(1) Underdevelopment - The basic cause of poverty, is the
underdevelopment of the country. Due to this, a large number of people have to go without even the most essential needs of day to day life because total national income and hence the total consumption, is too small relatively to the enormous size of the population.
(2) Inequality - The second cause of poverty is the extreme inequality of income and wealth in India. Infact it is said that underdevelopment and inequality are the twin causes of poverty. It is inadmissible to ignore or underplay either factor.
(3) Low per capita income - Poverty is also reflected in India by the low per capita income
(4) High Growth rate of population - The rate of increase in population has been very fast in India. This has failed to bring about the required improvements in the standard of living.
(5) Unemployment - As the number of unemployed increases, the poverty also increases at the same pace.
(6) Inflation - Continuous rising prices are also the cause for poverty. When prices rise the purchasing power of money falls and they lead to the misery of the lower middle and poorer sections of the society.
(7) Capital deficiency - Deficiency of capital is also the cause for poverty. This results from the low per capita availability of capital and
the low rate of capital formation.
(8) Social factors - Due to prevalent socio-cultural institutions, the people are caught in the vicious circle of poverty. It becomes impossible for them to get out of it.
(9) Regional Disparities - There are extreme regional disparities responsible for the poverty of the people of certain regions against the
prosperity of others. States like Punjab and Haryana are the richest on the basis of their agricultural development and so are Gujarat,
Maharashtra and West Bengal but states like Bihar, Orissa, Madhya Pradesh, Uttar Pradesh continue to be backward with their immense and poor population.
(10) Low Technology - Low level of technology is also responsible for the poverty of India. As a result of low technology, the per capita productivity remains at a low level , and thereby keeping the economy in the state of poverty.
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