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Poverty trap
POVERTY TRAP

Definition: A situation in which a person stays poor even when they get a job because the money they receive from the government is reduced.
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* All six elements would be in.


1. Purposeless. That is, situation is undesired, though job or employment is necessary.

2. Deductions, etc. that make income less are all legal, authorized.
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NO 'TEARS' ...


3. Person has no opportunity to practice pluralism (= having more than one job); no possibility to supplement income.

4. No chance to invest in ventures that can yield a gain or profit in the nearest future (to emphasize, connect to #3).
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NO SMILES ...


5. Person in situation is on the look-out for a better, though likely 'non-existent' job.

6. Person can not afford to leave the job yet and cannot be self-employed at the particular period of time (connect to #5).
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NO ESCAPE !



Quote: "Poverty is slavery". - Saying from Somalia.

Quote: "Poverty has no roots but it has tendrils". - Kenyan proverb.

Quote: "The true entrepreneur is a doer, not a dreamer". - Nolan Bushnell.

Quote: "Entrepreneurship is neither a science nor an art. It is a practice". - Peter Drucker.

Quote: "It is still my maxim, that there is no scandal like rags, nor crime so shameful as poverty". - George Farquhar.

Quote: "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor". - James Baldwin.

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