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Barriers to Participation in an Economy: Monopoly, Bureaucracy and Opportunity

It is important to distinguish the notion of poverty as capability inadequacy from that of poverty as lowness of income. The two perspectives are related, since income is an important means to capabilities. Enhanced capabilities in leading a life tend, to expand a person’s ability to be more productive and earn a higher income, also improvement of a person’s capabilities lends to greater earning power. Read more