ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The social consequences of poverty include family issues, impacts on social and cultural lives, and higher rates of crime and victimisation. The economic consequences of poverty are a lack of social mobility, problems with housing and homelessness, and a segregated society.

Detailed explanation-2: -Economic. Less equal societies have less stable economies. High levels of income inequality are linked to economic instability, financial crisis, debt and inflation.

Detailed explanation-3: -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-4: -Basic needs become luxuries, spilling over in the form of resources becoming inaccessible. The income profiles have highlighted a vast pay gap between men and women, calling attention to gender-based inequities in the labour market that further marginalize women and reduce their labour force participation rate.