Question

Novartis is using education to build a market where none has existed before. why have very poor people been underserved by for-profit companies? these people have not used available infrastructure to access products and services.

Answer 1

Poor populations are underserved by for-profit companies due to a lack of financial resources, both individually and at the governmental level, preventing access to essential services such as healthcare and technology.

Step-by-step explanation:

Very poor people have often been underserved by for-profit companies because these companies typically target markets that can afford their goods and services, thus ensuring profitability. This fact often leaves low-income populations without access to critical infrastructure such as healthcare systems, educational resources, and technology. In economies that do not prioritize equity, these disparities become pronounced.

Many underdeveloped and developing countries lack the financial resources both at the individual and governmental level, making it difficult to invest in human capital and public infrastructure that would attract industries and improve access to healthcare and education. For example, without adequate healthcare services, poor people, especially those pre-Affordable Care Act (Obamacare), had limited access to insurance, causing them to forgo seeking medical help until it became an emergency. Additionally, the digital divide further exacerbates the problem, with a gap in e-readiness and technology-based job market skills being evident between wealthier, well-equipped communities and those with less access to technology and educational resources.

Answer 2

The poor people realized that the profit companies are selling them goods and services they don't need and they have not used the available infrastructure to access them either. Above all, they are unaware about how to save up their money to buy these goods and/or services.