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Economic ImpactPlay
Often used to describe actions or policies that significantly lower people's financial stability. SlideThe new trade restrictions could impoverish the local market.
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Not InstantPlay
Impoverishment is usually a process over time, not a single event. SlideThese policies slowly impoverished the entire region.
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Cultural NuancePlay
Can imply neglect or indifference from those in power. SlideThe corrupt government had impoverished its citizens for decades.