Poverty Battle from the Street (A Study of Street Food Vendors at Chennai)
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Research Scholar, Faculty of Management Studies, Dr. MGR. Educational and Research Institute University, Chennai, India
Publication date: 2019-03-16
Eurasian J Anal Chem 2018;13(Engineering and Science SP):emEJAC181195
Street vendors deliver many benefits both to themselves and to their communities. For starters, since vending has low startup costs, it expands economic opportunities. As a result, these entrepreneurs can create new jobs and make a living to support their families, all while at a fraction of the cost of starting other ventures. In addition vending unleashes the possibility of upward mobility. One of the greatest success stories of upward mobility is Daymond John, the founder and CEO of FUBU and star on ABC’S shark tank. Before he built his clothing empire, Daymond started out as a street vendor, hawking homemade hats in front of the New York Coliseum. In this paper we try to study the lives of the street vendors at Chennai. The study investigated how the street vendors battle with poverty. Most of the street vendors don’t have adequate earnings. The Street vendors are affected by money lenders because of insufficient capital. Many of them having high school education only and because of unemployment they opted this street vending business