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Essay

Why is There so Much Poverty?

Essay specific features

 

Issue:

Social Issues

 

Written by:

Joel F

 

Date added:

November 1, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1888

 

Was viewed:

9151 times

 

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Essay content:

In most cases the poor are not without some income. What they lack is the ability to accumulate assets, which is a key ingredient to the creation of wealth and breaking the cycle of poverty (6). In addition to low earnings, the prime reason for the inability to increase funds and thus increase security of income is that profits or potential savings are often pocketed by moneylenders who charge lofty interest rates, by formal and informal regulatory and enforcement agents/organizations who demand bribes or extort protection money, and by middlemen or other stronger business partners who exploit the poor because they lack market information or the ability to use the market information to increase their own incomes...
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Another key that prevents the poor from raising capital is that they are often forced to purchase public goods and services at a much higher cost that are readily available to other groups in society at market or below market prices(6). Some effects of poverty are not easily understood, and are therefore sometimes mistakenly considered the cause of poverty...
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General issues of this essay:
poverty Poverty poverty Poverty - Poverty Do You Agree That International Organizations Are The Ideal Solution-Providers For The Problems Of A Globalizing World? Use Case Studies Of Environmental Issues, Refugee Plight And Poverty Where Appropriate. Does Poverty Leads To Crime? No More Poverty Poverty in the US Poverty Poverty Poverty Poverty poverty Why is There so Much Poverty?
 

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