13 Nov 2021
Problem 33
Page 376
Section: CRITICAL THINKING QUESTIONS
Chapter 15: Poverty and Economic Inequality
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13 Nov 2021
Introduction
A poverty trap refers to a program where a government will start depleting the aid that is allotted for the poor as they start to earn income. That means deduction of an equal amount of funding that goes to the poor, for example, if he makes $100, he loses the same $100 from government support. Resulting in no gain from working. This is called the poverty trap.
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