Poverty is a state of limited or lack, especially of food, money and materials needed for daily living. In today’s society poverty involves more than just an inability to afford basic life necessities it also includes the issues of inequality and social exclusion. “Income poverty occurs when people do not have enough income to buy …
Material poverty is when people are unable to fulfil their basic physical needs. This type of poverty is often used as a measure of poverty in developed countries . Poverty can mean lacking food, water, shelter, energy sources or even lacking access to information we take for granted. We could also define poverty by assessing …
The poverty rate is poverty level , poverty threshold/threshold poverty line or poverty limit which the people who are below that poverty level, usually defined as ‘the amount of money needed to buy a certain number of goods and services’, have. For example one person might consider $2/day to be poor while another may consider …
The poverty of the masses is the source of all evils in society. There are strata of the population that are permanently poor, even when their income increases. Among these, some are always more or less impoverished, others become so only temporarily during periods of crisis. The more flexible forms of wage-labor enable these last …