ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An unemployed person has no means to earn money and cannot fulfill his own and his family’s basic needs. Unemployment creates poverty due to the loss of income. For eg. When a person is jobless, he/she cannot earn better income, and due to the lack of income their families cannot meet living expenses.

Detailed explanation-2: -This might seem like a no-brainer: Without a job or a livelihood, people will face poverty. Dwindling access to productive land (often due to conflict, overpopulation, or climate change) and overexploitation of resources like fish or minerals puts increasing pressure on many traditional livelihoods.

Detailed explanation-3: -Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However, poverty is more, much more than just not having enough money. The World Bank Organization describes poverty in this way: “Poverty is hunger.

Detailed explanation-4: -The major reasons for Poverty in India are rising population, slow economic development, unemployment, unequal distribution of income and resources, etc.