Question

eating is a basic need since whithout it we could not survive. explain the economic implications...

eating is a basic need since whithout it we could not survive. explain the economic implications of not having to eat.
what would be different?

Homework Answers

Answer #1

If you consider a maslo triangle then to have to eat, shelter and cloths these are the basic needs without fulfilling these needs no human can think of its auxillary development.

Having no food to eat is chroinc form of poverty which is might be exogenous or enougenous.

A citizen of downtrodden country where all essential commodities are very scarce yield in starvation for people belong to lower strata of society or having no sufficient income to survive could impose such extremeties to oneself in these two cases former one is exogenous and later in endogenous.

Sometimes exogenous extremity can be nullified with proper risk sharing framework whereas when exogeneity comes in picture it becomes very difficult to escape this vicious circle.

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