Poverty: A Corporate Creation and Ratio Controls for Eradication

Viswanatha Subramaniam ()

MPRA Paper from University Library of Munich, Germany

Abstract: Poverty is an inability to buy the basic needs (Food, Shelter and Clothing) by a household, within their earnings. This is not the fault of the house holds. But it is a creation of the Corporate sectors producing/distributing the basic need items. They inflate the prices of these commodities on a continuous basis to absorb their cost of mismanagement and luxury needs of their management and employees. This could be controlled and poverty can be eradicated, if these corporate sectors perform within an Operating Ratio (Cost+Expense/Net revenue) of 75%. This is proved with facts and figures from Developing and Developed nations. This provides a leverage for profits without any price increase. Also, the supply quantum of the basic needs over years, should be in the same proportion of the Population increase OR Population should be controlled within the possible quantum increase of the basic needs.

Keywords: aavin; agriculture; alleviation; almarai; amul; arogya; arthur lewis; auto; basic need; cement; clothing; construction; cosmetics; cost; darwin; diary; economic; environment; escape; essential; expense; fittest; food; gip; gnp; India; infrastructure; milk; nobel laureate; non essential; per capita; poverty; price; railways; social; supply; sector; shelter; survival; textiles; uncertainty; usa (search for similar items in EconPapers)
JEL-codes: A12 A13 A14 B41 D61 D83 E31 F01 G13 H83 J31 J32 M14 O1 P51 Q14 R48 (search for similar items in EconPapers)
Date: 2013-04-19
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Published in Create Space Book ISBN : 978-1484087442.1(2013): pp. 1-37

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