The Importance Of Wealth And Poverty

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Wealth and Poverty Economists estimate wealth and poverty in many ways. The most three common measures are income, possessions (accumulated wealth in the form of money, securities, and real estate), and socioeconomic metrics. Actions in the last category go beyond financial data to account for health, food, infant mortality, sanitation, and other phases of human well-being. Usually, wealth and poverty measured regarding income. Information on income is readily available, credible, and relevant, particularly in discussing poverty in the United States, wherever the inherited wealth is a small factor, and most people live on wages and salaries. It 's beneficial to think of wealth and poverty about one another. That 's because income inequality…show more content…
A decent number of people find it easy to consider poverty as ‘will of God, ' therefore, absolving themselves of any blame for the miseries created by the poor conditions in the society. In regard, they also draw one’s attention to several references in the Holy Bible to make their point. Likewise, there are some people, who highlight the importance of charity and spending on the poor people to alleviate poverty. Nearly all the Muslim societies have many believers affirm that poverty cannot prevail if all wealthy Muslims just paid their Zakat regularly. Some people even believes in going to the extent of claiming that the implementation of the Islamic system of Zakat would bring so many resources that the nation would not need to apply any other tax to manage its affairs. However, such claims cannot be supported by some research or reliable data. Away from the will of God scenario, corruption is one of the leading causes of poverty. Even more, all countries have corruption, even affluent governments. Corruption does not negate all that is right or explain all that is bad. There are some nations have corruption extensive, painful as it is, according to “Corruption Is Just a Symptom.” in Wall Street

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