Economics Poverty Questions
The poverty cycle refers to the continuous and self-reinforcing process by which individuals or families remain trapped in poverty over generations. It is characterized by a combination of economic, social, and psychological factors that make it difficult for individuals to escape poverty and improve their living conditions. Factors contributing to the poverty cycle include limited access to education, healthcare, and basic services, lack of job opportunities, low wages, inadequate social safety nets, and discrimination. These factors create a vicious cycle where poverty is passed down from one generation to the next, making it challenging for individuals to break free from poverty and improve their socioeconomic status.