The deficient in credit convenience implies that poor people borrow from money lenders at very high of interest per year, but they are generally doing so not to make long term useful investments but to meet short term consumption needs (Morduch, 1998). Microcredit is the necessities of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services. The main aim of microcredit is to empower women. Women make up a large fraction of microcredit beneficiaries. Traditionally, women (especially those in underdeveloped countries) have been unable to willingly take part in economic activity.
Also, a getting power parity people of more than $5 trillion live among them (Prahalad, 2012). So, businesses have chances to focus on economically less capable people and to style marketing activities that serve these people. This broad phase is known because of the "Lowest of the Pyramid Market" (LOP) (Prahalad, 2010). Serving the LOP markets to contribute to companies' profits and to reconstruct the lives of vulnerable people, therefore benefiting each business and the society at the giant (Chikweche et al., 2012). Despite the large size and a significant purchasing power of the LOP market, very little understanding about customers' purchase behavior during this broader phase (Barki and Parente, 2010) significant differences exist on the purchases of the LOP market and people within the middle and high ends of the market in terms of their attitudes, perceptions, purchase behavior and purchase practices of product and services (Khavul et al., 2013).
If you considered SNAP as an income equivalent to cash within the pool of families living in extreme poverty, the number of households making $2.00 a day with these government benefits comes to 800,000 or about half of the extreme poverty population. This comparison shows how important SNAP is to those living is such dire situations. But although the importance of this government allotment is great, its limitations have been exposed to some degree. While SNAP may reduce hardship for these struggling families, it doesn’t help them exit the trap of extreme destitution the way cash can. Attached to SNAP along with its long faced stigma is the inflexible nature of the
Instead they obliged the landlords to solve issues beyond their ability. In addition to that, landowners had to take the full financial risk caused by this policy. This law also created a Rent Gap, caused by the low returns for the owners which do not exceed few hundreds of dollars per year. This rent gap has two consequences: the low revenues from the rents, prevent the owners from paying for maintenance, which results in a poor living conditions and sometimes could lead into disasters for example: the collapsing of the building. It is also considered as an urban
Failure definitionis when not to achieving the goals and plans, It is well known that the most important reason for failure in many small business is because lake of study project properly before starting and don’t have a plan and it is the most important role in deciding grade of success out so The number of small business failure is growing, the spread of these small business which some of them failed and other succeed, it is noteworthy that the failure rate is growing and rising this phenomenon is very common in our market. The statistics says that 50 percent of small business that are held in the local market fail within the first years of its beginning, the percent rises to 90 percent during the first three years of the beginning of
b) unique process of creating increasingly innovative products. c) it is hard for competitors to emulate in terms of its diverse product lines. v. Financial Analysis • The GSC has led to a strong performance post the telecom crash, which means the top management were making decisions on the right things, capitalizing on Corning’s competitive advantages as analysed above. Net sales increased 90% from $3.1 billion in 2003 to $5.9 billion in 2007, demonstrating great growth and improving revenue. Net income rose by 1,064% during the period, from a negative $223 million to $2.2 billion.
Business investment rose at an annualized rate of 9.3 percent in the last quarter of 2003, a clear reflection that confidence among business leaders is raising after three years of cost trimming and light purse-strings. Residential construction also contributed mightily to economic growth. Despite the good news, a weak job market continues to cloud the economic outlook. (March
Natural environment is identifies the number and size distribution of companies and the nature of barriers to entry and the extent of product differentiate .Mainly both the social and demographic forces are more important in the external forces as an external audits as the second part or the second major type .aging population ,less white and more black. widening gap between rich and poor the gap between the people who have money and wealth and upper class people and the poor who has the lower limit and no food nor wealth above the poverty line. united states facts that there is differences in religions and color they are racists In 2035=18.5% population >65 and no ethnic or racial majority
KOLA T 215519350 APPLIED ECONOMICS 3A ALE30AT ASSIGNMENT INEQUALITY AND POVERTY IN SOUTH AFRICA 25 APRIL 2017 TABLE OF CONTENTS Introduction……………………………………………………….Page 1 Hypothesis………………………………………………………….Page 1 Literature review………………………………………………..Page 1 Body……………………………………………………………………Page 2 Conclusion………………………………………………………….Page 3 Bibliography……………………………………………………….Page 4 Annexures…………………………………………………………..Page 5 Introduction Inequality and poverty still remain as a dominant crisis in South Africa, whereby the rich become richer and the poor become poorer due to the lack of skills and opportunities. Past policies of the apartheid system are the major contributors to the high rates of inequality and poverty in South Africa because the apartheid policies were in favour to the white minority when it comes to job opportunities, education and ownership of land. Black people were excluded from getting
1.1) The current Unemployment statistics in South Africa according to: • The General Population South Africa’s unemployment rate stands at 25.2%, creeping up by 1.1% from last year. There are now more than 5m people without work • Youth Unemployment Unemployment among the youth (15-34 years) is a staggering 52.20%. 1.2) Factors that contribute to these Unemployment Statistics: GENERAL POPULATION • Political – Unequal Education From a political standpoint, it is evident that apartheid had robbed many individuals of proper and basic education. Although, Black Economic Empowerment (BEE) programmes were initiated post-apartheid, it is evident today that the inequalities BEE were meant to address have not been dealt with efficiently.