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Poverty : A Corporate Creation and Ratio Controls for Eradication

Author

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  • Subramaniam, Viswanatha

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.

Suggested Citation

  • Subramaniam, Viswanatha, 2013. "Poverty : A Corporate Creation and Ratio Controls for Eradication," MPRA Paper 75234, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:75234
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F01 - International Economics - - General - - - Global Outlook
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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