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Can poverty contribute to poverty?

In: Economics, Poverty [Edit categories]

Answer:

I think that would be a logical conclusion -- sort of the opposite of "it takes money to make money." From an economics standpoint, poverty decreases the spending power of consumers. When people don't buy, the economy doesn't do well and poverty tends to spiral.

First answer by Blue. Last edit by Blue. Contributor trust: 2481 [recommend contributor ]. Question popularity: 0 [recommend question].

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