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Added on  2022-09-15

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Running Head: POVERTY- A SOCIETAL ISSUE
Poverty - A societal issue
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POVERTY- A SOCIETAL ISSUE 2
Poverty as a societal issue
A societal issue is a dilemma that affects multiple people within a society (Homan,
2016). Poverty has become the biggest problem for a substantial majority of the worldwide
population. Poverty requires more than wage scarcity and productive capital to maintain
healthy livelihoods. Their symptoms include malnutrition and hunger, inadequate access to
education, lack of decision involvement, social inequality, and alienation. Therefore, poverty
can trigger bribery, illness, corruption, lack of education, unemployment, domestic violence,
drug addiction, etc. (Morris et al., 2018).
Two recommendations for resolving poverty issue
Entrepreneurship as a path to poverty reduction
With more than a third of the worldwide population is living in poverty,
entrepreneurship scholars must strive to examine challenges that promote and maintain
entrepreneurship in those who are living below the poverty line as a way to better their lives.
From an entrepreneurial and emerging business viewpoint, the poverty demographic of the
world seems to be a huge potential market to sell a range of products and services. Therefore,
instead of treating the poor as a labor market, the path to cater to poverty lies in realizing how
to empower those who live in poverty to build their initial businesses. The entrepreneurship
among those in poverty would eventually establish an everlasting solution to their poverty
(Bruton et al., 2015).
Redistribution of national public expenditures to reduce poverty
Most developed countries are commonly believed to have inadequate financial
resources to shift public spending to resolve the global poverty gap. However, on
average, this is no longer remains an issue, and many of the governments of developed
countries now have enough financial and other resources to minimize extreme global
poverty. The resources that have been allocated only in limited hands can produce better

POVERTY- A SOCIETAL ISSUE 3
results if the government redistributes those resources to meet basic societal requirements.
Consequently, much of global poverty could be ended by the redistribution of national public
spending in an effective manner (Hoy and Sumner, 2016).
Two ethical challenges may arise from recommendations
Starting any setup and becoming an entrepreneur needs some initial investment along
with entrepreneurial abilities. It usually could become a problem for the poorest citizens
starting setup and spending because of high levels of unemployment. Thus, there are
enormous chances of a rise in crime rates, and people who are suffering from extreme
poverty may engage in certain criminal activities such as robbery. This can eventually lead to
a significant ethical challenge (Zaefarian et al., 2015; National Organization for Human
Services, n.d).
A major ethical problem that can emerge in order to alleviate poverty by the
redistribution of national public expenditure is a component of inequality treatment with
citizens. The government can become biased while redistributing resources and can prefer to
support only certain people of their choice. The government may also allocate huge amounts
of money in some specific industries which even do not operate for collective welfare (Levy
and Schady, 2017).
Way to address these ethical challenges?
To overcome the ethical problems that may emerge from the entrepreneurial
recommendation, it is proposed that some people from poverty areas may become
entrepreneurs while others can work there as employees based on their skills. The rationale is
that everyone cannot become an entrepreneur because of having different skill sets. Some
people might possess leadership qualities and a risk-taking mindset. On the other hand, other
people may possess the abilities of a good follower (Iwu et al., 2016). In this way, the
circulation of money will also remain in balance. Furthermore, to minimize poverty, elite

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