Poverty Trap
A "Poverty Trap" is a situation where individuals or communities cannot escape poverty due to various interconnected factors. These factors may include lack of access to education, healthcare, and job opportunities, which prevent people from improving their economic status. As a result, they remain stuck in a cycle of low income and limited resources.
In a poverty trap, even small financial gains can be offset by rising costs, such as healthcare or education expenses. This makes it difficult for families to save money or invest in their future, perpetuating the cycle of poverty. Addressing these issues often requires comprehensive policy interventions and support systems.