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(Explanation): Poverty in any economy is caused by multiple factors, which can be categorized into individual circumstances and economy-wide structural issues . 1.Lower Capital Formation – Lack of investment in infrastructure, technology, and industries leads to low productivity and economic stagnation, contributing to poverty. 2.Lack of Holding Structures – Weak property rights, lack of financial inclusion, and ineffective land ownership structures can prevent wealth accumulation and economic growth. 3.Lack of Demand – When aggregate demand in the economy is low due to unemployment or income inequality, businesses struggle, leading to further job losses and poverty. 4.Large Population – High population growth without proportional economic growth increases dependency, lowers per capita income, and leads to unemployment and poverty.
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