In this essay we will discuss about the vicious circle of poverty. Most widely propagated explanation why poor underdeveloped countries have failed to grow economically is that they are trapped in vicious circles of poverty. These vicious circles of poverty operate both on the supply and demand sides of capital formation. Supply side of capital formation refers to saving required [...]
Various measures which should be taken to reduce poverty in India are: 1. Changing Strategy of Economic Growth 2. Agricultural Growth and Poverty Alleviation 3. Speedy Development of Infrastructure 4. Accelerating Human Resource Development 5. Growth of Non-Farm Employment 6. Access to Assets 7. Public Distribution System 8. Direct Attack on Poverty 9. Economic Growth. Measure # 1. Changing Strategy [...]
In this article we will discuss about:- 1. Meaning of Social Insurance 2. Main Features of Social Insurance 3. Characteristics 4. Social Insurance and Commercial Insurance 5. Social Insurance and Social Assistances. Meaning of Social Insurance: Social insurance is one of the devices to prevent an individual from falling to the depths of poverty and misery and to help him [...]