To buttress the above contribution, the population growth rate is now more than the available resources, the question is what would be the implication if human wants are unlimited and the available resources are scarce? Oke argues that “the large number of people with too few resources and too little space, is therefore closely associated with poverty. It can result from high population density. In our country for example, there are many people without employment, food, and resources which are commensurate with the growth in population. Consequently there is bound to be poverty” .
Corruption: Corruption means dishonest or immoral behavior. “Corruption does not only mean financial misappropriation, it also includes ministerial, social, and political behavior. What a man does to satisfy personal interest also said to be corruption.” Oludahunsi asserts that corruption has “destroyed the economic life of the people, stunt growth and development and create social unrest, crime, inefficiency and other unethical values” . Going by the assertion of Oludahunsi, it’s unfortunate to note that “corruption has helped to weaken the economy of the country thereby bringing poverty to the ordinary man” …show more content…
It is highly significant to take a look in to family background. Some are poor because their initial family/ ground family/ immediate family or parents are also poor and no one to assist or lack of assistance from their relatives. The poor family background may due to their level of education, religious factor or because of bearing too much children.
Misuse of available resources: another cause of poverty in the contemporary society is the misuse or mismanagement of the available resources or money at people’s disposal. Some spend extravagantly and inappropriately. Akangbe opines that “another sources of poverty in most African nations is misuse of money. In this regard, most African nations have borrowed substantial sum of money. But a large percentage of the money was either invested in weapons… or directly misappropriated by corrupt governments.”
2.1.3 Effects of