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Discuss the various causes of poverty

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Discuss the various causes of poverty

Posted by Tarun Singh 2 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Divyanshi Kesherwani 2 years, 5 months ago

Main causes of poverty in INDIA are- (i) Heavy pressure of population:Population has been rising in India at a rapid speed. (ii) Unemployment and under employment:Due to continuous rise in population, there is chronic unemployment and under employment in India. There is educated unemployment and disguised unemployment. Poverty is just the reflection of unemployment. (iii) Capital Deficiency:Shortage of capital creates hurdles in development. (iv) Under-developed economy:The Indian economy is under developed due to low rate of growth. It is the main cause of poverty. (v) Increase in Price:The steep rise in prices has affected the poor badly. They have become more poor.

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CBSE > Class 12 > Economics