Meaning And Effects of Poverty - SS3 Economics Lesson Note

Poverty refers to the condition of not having enough resources, such as income, food, shelter, and clothing, to meet basic human needs. It is a complex and multidimensional issue that affects individuals, families, and communities in various ways. Poverty is a significant challenge that affects millions of people worldwide, and addressing it requires a comprehensive approach that involves addressing its root causes, providing social safety nets, and creating opportunities for growth and development.

The effects of poverty can be far-reaching and can impact almost every aspect of a person's life. Some of the most common effects of poverty include:

• Poor health: Poverty can result in inadequate access to healthcare and nutrition, leading to malnourishment, disease, and other health problems.

Limited education: Children from poor households may not have access to quality education, which can hinder their ability to obtain a well-paying job in the future.

Social exclusion: Poverty can lead to social exclusion and discrimination, making it difficult for people to participate in society and limiting their opportunities for growth and development.

Crime and violence: Poverty can increase the risk of crime and violence as people may resort to illegal activities to survive.

Lower life expectancy: Poverty can result in a lower life expectancy due to inadequate healthcare, poor nutrition, and living in unhealthy environments.