Title: Causes, Effects & Solutions for Poverty - E&C
Headings: Poverty: Causes, Effects & Solutions
Causes, Effects & Solutions for Poverty
Poverty: Causes, Effects & Solutions
Audio Lesson
Contents
Extent and Development of Poverty
Causes for Poverty
Low income
Adverse climatic conditions
Orphanism
Lack of education
Limited access to credits
Inherited poverty
Health issues
Exploitation of labor
Inflation and lack of investment opportunities
Corruptive actions
Diseases
Overpopulation
Big families
Insufficient social security
Insufficient health insurance
Conflicts
Natural disasters
Effects of Poverty
Dependence
Drug use
Starvation
Illness
Mental issues
Adverse working conditions
Poor housing and living conditions
Spread of diseases
Inability to afford hospital treatment
Increase of the probability for conflicts and wars
Radical movements
Solutions for the Poverty Problem
Mitigate corruptive activities
Better social security
Better health insurance
More subsidies for education and childcare
Minimum wages
Better access to credit lines
Create financial incentives for firms to create jobs
Redefine cultural norms
Community programs
Conclusion
Sources
About the author

Content: Thus, public health problems can be a serious cause of poverty. Exploitation of labor
In many poor countries, people rely heavily on their jobs since it is their single source of income. These people know that if they lose their jobs, they may suffer from starvation and may also not be able to provide for their families anymore. Thus, this fact makes them quite vulnerable. Many companies know that locals rely on their jobs which makes it easy for firms to exploit their workers. Companies will therefore often just pay quite low wages or will offer quite bad working conditions since they know they can force people to work for them due to a lack of alternatives. Inflation and lack of investment opportunities
In some poor countries, inflation is a big problem. Inflation means that your money will lose in value. If there is a high level of inflation, saving money is not a viable option since it will simply lose too much value over time. Poor people often do not have access to alternative investment opportunities.