IJSSER

Title: THE VICIOUS CIRCLE OF POVERTY
Authors: Ajay Kumar
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Ajay Kumar Assistant professor-in Economics Govt. Degree College Dhaneta, Hamirpur, Himachal Pradesh.
MLA 8 Kumar, Ajay. "THE VICIOUS CIRCLE OF POVERTY." Int. j. of Social Science and Economic Research, vol. 7, no. 4, Apr. 2022, pp. 1089-1096, doi.org/10.46609/IJSSER.2022.v07i04.017. Accessed Apr. 2022. APA 6 Kumar, A. (2022, April). THE VICIOUS CIRCLE OF POVERTY. Int. j. of Social Science and Economic Research, 7(4), 1089-1096. Retrieved from doi.org/10.46609/IJSSER.2022.v07i04.017 Chicago Kumar, Ajay. "THE VICIOUS CIRCLE OF POVERTY." Int. j. of Social Science and Economic Research 7, no. 4 (April 2022), 1089-1096. Accessed April, 2022. doi.org/10.46609/IJSSER.2022.v07i04.017.
References ? Jain and Khanna, vicious circle of poverty: Development problems and policies, VK publications, New Delhi -110002.
ABSTRACT: Prof. Nurkse states, “A country is poor because it is poor.” It implies that poverty itself creates such condition that an economy remains in the grip of poverty. Vicious circle of poverty is such a circular activity whose beginning is poverty and whose end is also poverty. In these economies poverty is the cause of poverty and poverty is the result of poverty. Accordingly poverty breeds itself. This is illustrated in diagram. This circular relationship is known as the “vicious circles of poverty” that tend to perpetuate the low level of development in low developing countries.

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