Poor people are unknown of their lack of voice, power, and rights, which leads them to exploitation. Poor people being unable to take part in social and cultural norms leads to breakdown of social relation among the people The effects of poverty can be mainly categorized as unemployment, illiteracy, food security, psychological well-being, increased crime rate, child health, homelessness etc. Major effect of poverty is unemployment to those without land or dependable wage labor. Poor people can rarely find permanent, salaried job in the village or even in the city. Poor people engage in informal and daily wage labor with no security and low earnings.
Brits argues that “the ICT has the capacity to both increase and restrict access to information needed to satisfy needs, and the second is that socio-economic and political disadvantages will in most cases produce informational disadvantages. Certain categories of valuable information, such as economic information, are mainly available in an electronic format. In most cases this implies that poor people, due to financial costs and in many cases a lack of know-how knowledge of modern ICT, are unable to access and fully exploit these technologies and thereby benefit from these categories of information. Poor people are therefore in most cases marginalized and even excluded from digitized world economy which is based on access to and use of information. ICT has accelerated the production and distribution of information, but at the same time has exacerbated the gap between those who have access to and use of information and those who do
Poor people are unknown of their lack of voice, power, and rights, which leads them to exploitation. A poor person being unable to take part in social and cultural norms leads to breakdown of social relation among the people. Poverty is mainly seen in developing and under developed nations like Nepal, Bangladesh etc. More than 25% of the population in Nepal still lives below the poverty line. All the poor countries are facing serious effects of poverty which need to be solved.
As Claude Vienney expressed the new social economy which take sociological and rational factor. This factors relate to an individual and enterprise activities that are regulated by government and goal of this is how profits come from and broader of community. Feature of Social economy Sometimes the social economy is defined as part of the economy that is linked to the needs of people, consumption of various goods as well as their welfare. Usually in this part of the economy include light and food industry, transport, housing and communal services, trade, education, health, and economic activity on the distribution of income (pensions, allowances, assistance to the poor, labor). Actually, the social economy is the economy of the society, formed as a result of people living together.
• Overpopulation • Lack of resources • Lack of skills • Lack of materials • Lack of education • Poor governance • Corruption • Favouritising a certain group of people These are all the faces of the poverty in South Africa. Social issues such as over population, which is defined as having too many people with too little resources and too little space. This therefore creates a stress on the availability of the resources as there is not enough for the amount of people. In South Africa, women have an average of 5.5 kids, and the president, Jacob Zuma, has 21 children. There are 54 million people in South Africa, with 4.7 million unemployed which then leads to crime rates increasing as more people become desperate to survive.
2) Project delays: A large number of projects are stalled because of environmental and security clearances, poor responses to bids and unviability of projects. 7. 3) Poor hinterland connections: There is very little connection between areas far from water ways and areas where infrastructure is not well developed. 8. 4) Low efficiency: Indian ports have low efficiency in cargo handling due to lack of proper equipment in port areas.
Poverty is the state in which people are unable to fullfill their needs and desires as they have lack of money and resources. There are two different types of poverty. Absolute and relative poverty. In Absolute poverty there is deprivation of human needs which are usually water, food, healthcare, shelter and etc. while on the other hand relative poverty is being below some relative income threshold.
Moreover they are suppressed group of people socially too. As they are scattered and unorganised they cannot fight for their rights. Their ignorance has kept them away from availing the benefits of government programmes. They are deprived of adequate access to the basic needs of the life such health, education, food, security, employment, justice and equality. Because of all these reasons their economic standard has failed to improve even after seven decade of planning.