Development Economics: What are the main causes of poverty?

Poverty is basically the condition of having insufficient resources or income. It is the state of being where one is deprived of necessities in life such as housing, food, sufficient income, employment and access to required social services and status. There are many forms of poverty which exists in this world such as absolute poverty, relative poverty, human poverty and lastly income poverty. Absolute poverty is defined as living to an absolute minimum standard which …

…of the poverty trap. As we can see many of the reasons for poverty is both caused by local governments, MEDC's from the past (colonization, exploitation, debt) and also even IMF and Commercial Banks. Poverty is also caused by the government unable to stable the demographic state of the country such as birth rates, death rates, life expectancy and infant mortality due to less access to education and also access to health and safe water.