Advertisements
Advertisements
Question
Identify which of the following statements given below is/are NOT true regarding the poor people.
Options
Lack of assets as well as income
Lack of human capital
Work in formal sector
Too much dependency on the public
MCQ
Advertisements
Solution
Work in the formal sector
Explanation:
Poor people generally lack assets and income, have limited human capital, and often depend too much on public resources. They mostly work in informal sectors, lacking job security and benefits, unlike formal sector workers. This is because poor people typically lack education and skills to secure formal employment and depend on informal, unstable jobs. Therefore, the statement that poor people “work in the formal sector” is incorrect.
shaalaa.com
Identification of Poor People
Is there an error in this question or solution?
