POOR CLASS IN UNDERDEVELOPED COUNTRIES
Hi there Today’s Topic is the behavioural approach of Poor class and how they impact via lack of financial resources , the scarcity of food articles , good accommodation and lack of financial notches to fulfil their desires . The economic behaviour of the poor in underdeveloped countries is a nuanced topic shaped by various constraints and opportunities and involves how low-income households make decisions about spending, saving, working, and investing, as well as how they manage risks and access markets. Here are key aspects: 1. Income Sources and Employment • Agriculture-Based Livelihoods : A significant portion of the poor in underdeveloped countries rely on agriculture as majority of the underdeveloped countries are having poor landless farmers , artisans with small amount of funds to cultivate the fields , often trench with petty loans with excessive interests and working as smallholder farmers, sharecroppers, or seasonal laborers. Their income is highly variable, su...
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