What is the poverty trap for development

The poverty trap is a phenomenon in which poverty persists over long periods of time, making it difficult or impossible for people to escape poverty. It is difficult for people to escape poverty due to a lack of resources, income inequality, and lack of adequate access to education and job opportunities. When people are trapped in poverty, they may also lack access to quality health care, which can further hamper development. This can lead to a cycle of poverty, whereby poverty persists and development is inhibited. To break the cycle of poverty, individuals must be able to access the resources and education required to gain work, create wealth, and improve their living standards. Overcoming the poverty trap is essential for sustainable development and poverty reduction.