In the field of economics, the term cyclical poverty pertains to a group of factors or incidents that induce the condition of poverty to remain, unless external forces intervene. Cyclical poverty is considered an economic phenomenon, in which impoverished families remain poor for an extended period of time, encompassing at least three generations. This longstanding condition is so invariable that no living family could recall an ancestor who did not live in poverty. This socioeconomic condition has also been strongly associated with the lack of medical treatment, thus resulting in shorter life expectancies. Most families who find themselves in the condition of cyclical poverty have no capacity to provide themselves with basic human needs, including food, clothing, and shelter. Lack of financial resources could also ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles