Poverty Trap:A poverty trap is a self-reinforcing mechanism that causes poverty to persist across generations. It occurs when an individual or family is unable to escape the cycle of poverty due to a combination of low incomes, limited access to resources, and lack of opportunities.
Cycle of Poverty: The cycle of poverty describes the complex and interrelated factors that contribute to the perpetuation of poverty, such as lack of access to education, healthcare, and employment, as well as social and cultural barriers that prevent individuals from breaking free from the cycle.
Social Mobility:Social mobility refers to the ability of individuals or families to move up or down the socioeconomic ladder, either through changes in their own circumstances or through changes in the overall social and economic structure of a society.