Poverty In Less Developed Countries Is Largely Due To

By Sakshi Yadav|Updated : August 8th, 2022

Poverty in less developed countries is largely due to income inequality. When large amounts of money are concentrated in a few hands, it leads to poverty. The reason behind the income inequality is static wages, long-term unemployment, and rising prices for essentials such as food and fuel. More complex reasons include racism, immigration, and an increase in divorce leading to single parents.

Summary:

Poverty In Less Developed Countries Is Largely Due To

Poverty in less developed countries is largely due to income inequality. There are various other factors that also affect poverty in developed countries like population growth, urbanization, poor policy-making, a decrease in agricultural land and lack of proper education also causes poverty.

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