Definitions for poverty trap
pover·ty trap

Princeton's WordNetRate this definition:0.0 / 0 votes

1. poverty trapnoun

   a situation in which an increase in income results in a loss of benefits so that you are no better off

WiktionaryRate this definition:0.0 / 0 votes

1. poverty trapnoun

   A self-reinforcing cycle which allows poverty to persist.

WikipediaRate this definition:0.0 / 0 votes

1. poverty trap

   In economics, a cycle of poverty or poverty trap is caused by self-reinforcing mechanisms that cause poverty, once it exists, to persist unless there is outside intervention. It can persist across generations, and when applied to developing countries, is also known as a development trap.Families trapped in the cycle of poverty have few to no resources. There are many self-reinforcing disadvantages that make it virtually impossible for individuals to break the cycle. This occurs when poor people do not have the resources necessary to escape poverty, such as financial capital, education, or connections. Impoverished individuals do not have access to economic and social resources as a result of their poverty. This lack may increase their poverty. This could mean that the poor remain poor throughout their lives.Controversial educational psychologist Ruby K. Payne, author of A Framework for Understanding Poverty, distinguishes between situational poverty, which can generally be traced to a specific incident within the lifetimes of the person or family members in poverty, and generational poverty, which is a cycle that passes from generation to generation, and goes on to argue that generational poverty has its own distinct culture and belief patterns.Measures of social mobility examine how frequently poor people become wealthier, and how often children are wealthier or achieve higher income than their parents.

ChatGPTRate this definition:0.0 / 0 votes

1. poverty trap

   A poverty trap is a self-reinforcing mechanism which causes poverty to persist. This can occur when an economic system requires a significant amount of capital in order to earn enough to escape poverty. When individuals lack this capital, they remain in poverty without external intervention. The poverty trap is a concept in development economics that suggests poverty is not a static condition, but rather a phenomenon that can be self-perpetuating, causing poverty to persist across generations.

WikidataRate this definition:0.0 / 0 votes

1. Poverty trap

   A poverty trap is "any self-reinforcing mechanism which causes poverty to persist." If it persists from generation to generation, the trap begins to reinforce itself if steps are not taken to break the cycle.

Matched Categories

1. • Situation

How to pronounce poverty trap?

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How to say poverty trap in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of poverty trap in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of poverty trap in Pythagorean Numerology is: 5

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=poverty trap
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Poverty_Trap
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Poverty_Trap
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=poverty trap