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Q.

What makes it difficult for the poor to establish their business?


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a

Deficiency of money

b

Deficiency of skills

c

Deficiency of time

d

None of the above 

answer is A.

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Detailed Solution

The deficiency of money makes it difficult for the poor to establish their business. Moreover, poor people do not want to take risks by borrowing money from money lenders to invest in their businesses at a high-interest rate. Hence they decide to get engaged in temporary activities. For example, people in rural areas are involved in agricultural activities (often dependent on the farming activities of other farmers), and people in urban areas are constantly engaged in street vending and work as casual workers in different factories.
 
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What makes it difficult for the poor to establish their business?