Concept information
There is no term for this concept in this language.
PREFERRED TERM

DEFINITION
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A poverty trap is a self-perpetuating condition, in which an economy suffers from persistent underdevelopment, vicious circle of poverty, created by circular causation due to the presence of some external economies and/or strategic complementarities.
(en)Source: https://doi.org/10.1057/978-1-349-95121-5_2700-1
Created: 2/1/21
BROADER CONCEPT
- ఆర్ధిక వ్యవస్థలు (te)
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URI
http://aims.fao.org/aos/agrovoc/c_6ff2859d
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