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Poverty Traps
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== <span style="color: #FFFFFF;">Remembering</span> == * '''Poverty Trap''' β A "Self-Perpetuating Condition" where an individual or nation is "Unable to Escape Poverty" because the "Starting Resources" are too low to generate growth. * '''The Big Push''' β An "Economic Theory" that a "Large, Simultaneous Investment" in many sectors is needed to "Jump-Start" a trapped economy. * '''Low-Level Equilibrium Trap''' β A state where "Population Growth" outpaces "Economic Growth," keeping everyone at the "Subsistence Level." * '''S-Curve''' (Poverty Curve) β A graph showing that "Income Today" determines "Income Tomorrow" in a way that is "Flat" at the bottom and "Steep" in the middle. * '''Nutrition-Based Poverty Trap''' β The cycle where a person "Cannot Afford enough Food" to be "Productive enough" to "Earn more Food." * '''Microfinance''' (see Article 140) β Small loans designed to help individuals "Buy the Tool" (e.g., 'A Sewing Machine') to "Break the Trap." * '''Human Capital''' (see Article 549) β The "Skills, Education, and Health" of a person: if these are low, the person is "Trapped" in "Low-Wage Work." * '''Threshold Effect''' β The "Point" where a "Small Increase" in resources leads to a "Massive Increase" in outcome (e.g., 'The last $10 for a vaccine'). * '''Intergenerational Trap''' β When the "Poverty of the Parents" (lack of schooling) becomes the "Poverty of the Children." * '''Capital Flight''' β When "Rich People" in a poor country "Move their Money" to "Foreign Banks," making it impossible for the local economy to grow. </div> <div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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