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Study of the problem of poverty denotes that economics is—
- a)a science
- b)an art
- c)both a science and an art
- d)neither a science nor an art
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Study of the problem of poverty denotes that economics is—a)a sc...
A key factor in the issue of poverty. Poverty is often defined as a lack of income or resources to meet basic needs, such as food, housing, and healthcare. In this sense, poverty is a result of economic factors such as low wages, unemployment, and underemployment.
Economics also plays a role in the distribution of resources and wealth in society, which can contribute to the persistence of poverty. For example, if resources and wealth are concentrated in the hands of a few wealthy individuals or corporations, it can limit the opportunities and resources available to those living in poverty.
Additionally, economic policies and systems can either help or hinder efforts to reduce poverty. For example, policies that support job creation, education, and social safety nets can help to reduce poverty. On the other hand, policies that prioritize the interests of the wealthy or do not address the root causes of poverty can exacerbate the problem.
Overall, the study of poverty requires an understanding of economics and the structural factors that contribute to poverty, as well as the policies and interventions that can help to address it.
Economics also plays a role in the distribution of resources and wealth in society, which can contribute to the persistence of poverty. For example, if resources and wealth are concentrated in the hands of a few wealthy individuals or corporations, it can limit the opportunities and resources available to those living in poverty.
Additionally, economic policies and systems can either help or hinder efforts to reduce poverty. For example, policies that support job creation, education, and social safety nets can help to reduce poverty. On the other hand, policies that prioritize the interests of the wealthy or do not address the root causes of poverty can exacerbate the problem.
Overall, the study of poverty requires an understanding of economics and the structural factors that contribute to poverty, as well as the policies and interventions that can help to address it.
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Community Answer
Study of the problem of poverty denotes that economics is—a)a sc...
Economics as a science: Like science, economics is also based on systematic knowledge which is based on facts and data. ... Hence, when we study the problem of poverty, we study it on the basis of facts and data.
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Study of the problem of poverty denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither a science nor an artCorrect answer is option 'A'. Can you explain this answer?
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Study of the problem of poverty denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither a science nor an artCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Study of the problem of poverty denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither a science nor an artCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Study of the problem of poverty denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither a science nor an artCorrect answer is option 'A'. Can you explain this answer?.
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