Question

Explain the correlation between the following:

Poverty - Development

Answer 1

1. Inverse Relationship: Poverty and development are inversely correlated; as development rises, poverty falls. Poverty rates decline in a nation with strong infrastructure, economic growth, and job opportunities.
2. Economic Growth and Income Distribution: Development helps pull people out of poverty by bringing about industrialization, the creation of jobs, and higher salaries. However, poverty may endure in spite of development if economic growth is uneven.
3. Social Development and Poverty Reduction: Development includes more than simply the economy; it also involves social welfare, healthcare, and education. Poverty is eventually reduced when people are able to obtain steady employment and raise their standard of living thanks to improved healthcare and education.