Question

Income and Wealth. Discuss why they're aspects of poverty, how they might intersect, and where you see them in society?

Answer 1

1^st part:-

Aspects of poverty:

Income and acquiring sufficiency of wealth are the vital aspects to lead the life properly. Poverty makes the life of any individual to suffer from not having basic necessities like food, shelter, and no flexibility to lead life. Poverty leads to affect an individual life and it becomes extremely difficult to survive under such conditions. To lead a life, money and basic requirements are necessary aspects and to remove poverty it needs to have a stable source of income and wealth. Both income and wealth have a positive impact on poverty as the sufficiency of income and wealth improves the condition to lead a smooth life. For this reason, income and wealth are vital aspects of poverty.              

2^nd part:-

Intersect:

They are intersecting at a particular phase, the time when an individual or group of members are suffering from the poverty at that instant a stable income is necessary to improve overall condition. From acquiring income it heightens the level of wealth and their living status improves. Income removes poverty and enhances the wealth to lead a better life in the future. Also, the wealth acquired does not allow poverty to take its place on an individual’s life. Thus, the intersection point is the phase on which the income strengthens the status of wealth and such thing avoids poverty. Without income, wealth cannot be preserved and the power to deal with the life process cannot be excelled. To remove poverty, the intersection of income and wealth are the necessary things to stabilize the structure of life.    

3^rd part:-

Society:

In society, poverty plays a vital role as all individuals do not have a stable source of income and not wealth. People with poverty face difficulties to survive life and unable to match up with the status like others. The people with poverty in society face a lot of hurdles and it becomes problematic for them to manage food, household, etc. Even the children from poverty linked families have to face major difficulties in getting the education and sustaining livelihood. Above poverty line people in the society having income and wealth that helps them to lead a good lifestyle and enjoy everything in life. These are two sides of poverty that witnesses in the society and both income along with wealth boost them to lead a better standard life.