Economic hardship meaning

What does economic hardship mean? Britain) the rent of a dwelling based on recouping the costs of providing it plus a profit sufficient to motivate the landlord to let it. The definition of economic hardship is derived from Treasury Regulations § 301. Top synonyms for economic hardship (other words for economic hardship ) are economic difficulties, difficult economic and economic challenges.

The price of cooking gas increased five-fol worsening the economic hardship.

Hardship, privation, austerity refer to a condition hard to endure. Economic Hardship synonyms. Hardship applies to a circumstance in which excessive and painful effort of some kind is require as enduring acute discomfort from col or battling over rough terrain. Privation has particular reference to lack of foo clothing, and other necessities or comforts.

Hardship payments can also be paid if you are waiting for a benefit payment, are in severe need and aren’t able to claim an advance payment or short-term benefit advance. You usually can’t get a hardship payment if you are simply short of money or need to pay for an urgent expense. Hardship clause is a clause in a contract that is intended to cover cases in which unforeseen events occur that fundamentally alter the equilibrium of a contract resulting in an excessive burden being placed on one of the parties involved.

People suffered many hardships during that long winter. Severe suffering or privation. More example sentences. For a man who has suffered genuine hardship, our reaction over the past week must seem almost obscene. In Scotland and beyond football is suffering financial hardship at the moment.

Both men are currently off sick with stress and also suffering financial hardship. They faced bravely the many hardships of frontier life. If circumstances change and one party is now unequally obligate a hardship clause allows the terms of the contracts to be changed. Hardship clauses are included in contracts to help keep the obligations of the listed parties balanced.

Definition of hardship. Financial hardship can occur for many reasons. In some cases, people struggle to find employment for an extended period of time and bills pile up. People scheduled to come off of assistance programs or begin paying debt may also experience hardship in adjusting to the sudden change in financial structure. The economic hardship affecting the population is being manifested in various ways.

Las dificultades económicas que afectan a la población se manifiestan de diversos modos. Quite a few faced economic hardship and received social assistance.

English-Spanish dictionary. The Committee recommends that the State party strengthen its support for families living in economic hardship in order to ensure that poverty is reduced and children are protected against the negative impact of economic hardship on their development by providing financial and non-financial assistance. The Hardship Fund (‘the Fund’) is a discretionary fund available to provide some relief from financial hardship for very low paid workers who are temporarily unable to work as a direct.

In your hardship letter, you need to prove that you face genuine hardships that have affected your ability to pay. This particular term is also used in decision-making processes about whether to offer someone relief from certain types of payment obligations. Hardship means that the equilibrium of consumption and the “permanent income” is “upset”, which should not be a consequence of the factors incorporated in our model, if the basic assumption of the life cycle theory is applicable.

We test this “null hypothesis” with the help of a multi-linear logit model. The manipulation of money and other economic resources is one of the most prominent forms of coercive control, depriving women of the material means needed for independence, resistance and escape. It’s a barrier to leaving: Lack of access to economic resources is a reason why many women feel that they have no choice but to stay with an abuser.

With the aftermath of the economic crisis starting to fold out, the extent and the conditions under which the experience of economic hardship thwarts subjective well-being spark academic interest. In this paper, we examine the cushioning impact of three immaterial buffers embedded within civil society—namely social networks, religiosity, and confidence in politics—in combination with the. The word hard in hardship is a tip-off to its meaning: something that’s a hardship is hard. It could be hard work that you do for a larger goal — like training for the marathon — or it could be a situation that’s hard to endure. If you lose your job, you could end up experiencing financial hardship.

Although there is no single notion of rationality appealed to by all economic theories, there is a core conception that forms the basis of much economic theorizing.