Title: Unemployment and Poverty | Economy Watch
Headings: Unemployment and Poverty
Unemployment and Poverty
Unemployment and Poverty at a Glance
Sources of Unemployment
Unemployment and Poverty: the Latest Trends
Measures to Prevent Unemployment and Poverty

Content: Unemployment and Poverty | Economy Watch





Unemployment and Poverty
October 13, 2010
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Unemployment
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by
EconomyWatch
Unemployment and Poverty at a Glance
Unemployment and poverty are the two major challenges that are facing the world economy at present. Unemployment leads to financial crisis and reduces the overall purchasing capacity of a nation. This in turn results in poverty followed by increasing burden of debt. Now, poverty can be described in several ways. As per the World Bank definition, poverty implies a financial condition where people are unable to maintain the minimum standard of living. Poverty can be of different types like absolute poverty and relative poverty. There may be many other classifications like urban poverty, rural poverty, primary poverty, secondary poverty and many more. Whatever be the type of poverty, the basic reason has always been lack of adequate income. Here comes the role of unemployment behind poverty. Lack of employment opportunities and the consequential income disparity bring about mass poverty in most of the developing and under developed economies of the world.