Sometimes the government is asked to intervene in the economy so as to rectify situation in which the price system fails to work. ("How the U.S. Economy works," n. d.) 4) Would you eliminate it, or would you leave it alone?

Definitely poverty has to be eliminated as this is the single largest measure of economic backwardness of a nation. These would comprise the need for greater effective economic strategies to foster employment creating growth, a changeover of resources and services into rural regions, a reorientation of public social service and an enhancement in their quality at the grass-root level. The creation of techniques to assist poverty stricken regions and district and enhanced targeting of credit and other measures to assist the poor. (Cox; Healey; Hoebink; Voipio, 2000)

References

Cox, Aidan; Healey, John; Hoebink, Paul; Voipio, Timo. (2000) "European Development

Cooperation and the Poor." St. . Martin's Press.

(1966, Oct) "The Aged and the extent of poverty in the United States"
Southern Economic Journal, vol. 33, no. 2, pp. 212-222.

Miller, Scott. (2007) "Ending Poverty in America" Retrieved 30 October, 2007 at http://www.movethemountain.org/en/circles_sup_tm_sup/articles/ending_poverty_in_america.cfm

N.A. (2007) "How the Census measures poverty: Official measure." U.S. Census Bureau,

Housing and Household Economic Statistics Division.

Retrieved 30 October, 2007 at http://www.census.gov/hhes/www/poverty/povdef.html#1

N.A. (2007) "How the U.S. Economy works." Retrieved 30 October, 2007 at http://usinfo.state.gov/products/pubs/oecon/chap2.htm

N.A. (2007) "Poverty: 2006 Highlights" U.S. Census Bureau, Housing and Household

Economic Statistics Division. Retrieved 30 October, 2007 at http://www.census.gov/hhes/www/poverty/poverty06/pov06hi.html

POVERTY"