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poverty has detrimental effects on a country's economy. The allocation of resources to assist individuals living in poverty diverts funds that could otherwise be used for economic development. Limited educational opportunities due to poverty result in a less skilled workforce, hindering economic growth. Income inequality, widening the gap between the rich and the poor, further inhibits economic progress. Crime and corruption, stemming from poverty, discourage investment and job creation. Inadequate infrastructure also holds back economic development, as businesses rely on reliable transportation and utilities. It is clear that addressing poverty is crucial for a country's economic prosperity.
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Poverty negatively impacts a country's economy. Providing resources for those in poverty takes away funds that could be used for economic growth. Limited education for those in poverty leads to a less skilled workforce, which hampers economic development. Income inequality, creating a larger gap between the wealthy and the poor, also slows down economic progress. Crime and corruption, arising from poverty, discourage investments and the creation of jobs. Insufficient infrastructure, such as reliable transportation and utilities, also holds back economic growth. Clearly, addressing poverty is essential for a country's economic prosperity.
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