Poverty and Inequalities Analysis

POVERTY AND INEQUALITIES ANALYSIS.
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INTRODUCTION.
Poverty is a condition in which individuals or a community lack the adequate financial resources and requirements for a minimum standard of living. The individuals perceived as poor can't meet their basic human needs using the cash they have from their daily undertakings. Poverty I normally associated with a lack of healthy foods, medical attention, proper housing, and clean water. Poor people are inferior in quality. On the other hand, inequality refers to the situation of unjust distribution of opportunities and resources among members of a given society (Markham, 2018). Poverty and inequality are some of the challenges that have continued to affect an individual's livelihood for a long time. According to the United Nations Development Programme and Oxford Poverty and Human Development Initiative (2019), more than 1.3 billion people in 103 countries were living in abject poverty.
People experience deprivation in health, education, and living standards at 1.3 billion people in 107 developing countries. This indicates that developing countries are poor in many dimensions (Aguilar & Summer, 2020, 104716). The world has not been able to control the level of poverty, and there has been a widening gap in resource distribution between the rich and the poor. Inequality is a concern in most countries because often, people are trapped in poverty and have little chance to climb the social ladder. With the emergence of global COVID-19, poverty and inequalities are expected to shoot further. Many countries have imposed travel restrictions, lockdowns, and the virus has affected individuals in various ways. Due to the cyclical and complexity of poverty and inequality, I have decided to have an in-depth analysis of the matter. This paper, therefore, is made to bring out a system dynamics analysis of poverty and inequality in the 21ST century.
Poverty and inequality.Infrastructure.Low investment educationproductionmalnutritionunemployment.Vulnerability to poverty and ill health.CAUSAL-LOOP DIAGRAM
Poverty and inequality.Infrastructure.Low investment educationproductionmalnutritionunemployment.Vulnerability to poverty and ill health.
CAUSAL-LOOP DIAGRAM
Poverty and Production.
Although poverty can be traced back to human history, it has significantly changed over time. Under non-industrialized modes of economic production, the spread of poverty has been accepted as inevitable. The produced goods were still insufficient even if they were to be equally distributed. This indicated the population could not get a comfortable standard of living. Poverty and wealth imbalance resulted in low production both at the national level and individual level. Poor persons have inadequate resources, which can be turned into productive assets (Godslove). Due to this state in which these individuals are in, they can not manage to take part in the economic building process by boosting the goods and services offered in the specific country. Most poor and marginalized individuals practice subsistence farming, with the main source of water being rainfall. Due to climatic change, rains are no longer r...