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The importance of studying poverty lies in its impact on economic progress, crime, and social problems. It is also a moral problem and injustice caused by structural failings in society.
Poverty is an essential subject for study due to various reasons. First, a high rate of poverty can hinder a nation's economic progress as it impacts the ability of individuals to purchase goods and services, affecting overall economic growth. Second, poverty is linked to the rise of crime and social problems that impact society at large, not just the impoverished individuals. Additionally, poverty is not solely an individual issue but also a moral problem and injustice stemming from structural failings in society.
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