How does the poverty trap discourage people from working?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 31, 2023 07:24 AM

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How does the poverty trap discourage people from working?

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The poverty trap is a phenomenon in which individuals or families find it difficult to escape poverty because their economic circumstances create disincentives to work or earn more income Several mech...View the full answer

Principles Of Economics

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