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What is the poverty trap?

What is the poverty trap?

The poverty trap occurs when a low-income household gains little net income from earning more. As gross earnings rise, means-tested benefits are withdrawn while income tax and social security contributions may increase.

8.2.4 the poverty trap Lesson

  1. Intl A Level
  2. /Economics
  3. /8.2.4 the poverty trap

Step-by-step lessons on CIE Intl A Level Economics 8.2.4 the poverty trap. Each one builds up to exam-style questions.

Lessons