What is Poverty?
Poverty is defined as a state or circumstance in which an individual or a group lacks financial means and necessities for a basic level of living. It can also be defined as a situation in which one’s earnings from work are insufficient to meet fundamental human requirements.
Poverty, according to the World Bank, is a severe lack of well-being that has various aspects. Low earnings and the inability to obtain the essential commodities and services required for a dignified existence are examples. Poverty examples also includes poor health and education, a lack of access to safe drinking water and sanitation, a lack of physical security, a lack of voice, and a lack of capacity and chance to improve one’s life. In 2011, 21.9% of India’s population was living below the national poverty threshold.
Check-out: Poverty in India
What is Poverty? Meaning, Causes, Measures and FAQs
Poverty definition: When a person is unable to get the minimum necessities of life this situation is known as poverty. Poverty means that the income level from employment is so low or no employment that basic human needs are not met. Poverty-stricken people can go without proper housing, clean water, healthy food, and medical attention.
Progress has been made in measuring and analyzing poverty, the World Bank Organisation is working to identify other indicators and dimensions of poverty. This includes identifying social indicators to track education, health, access to services, social exclusion, and vulnerability.
Table of Content
- What is Poverty?
- Understanding Poverty
- Aspects of Poverty
- Types of Poverty
- Causes of Poverty
- How to reduce Poverty?
- Which Countries have Highest Poverty Rates?
- Latest Statistics and Research Findings on Poverty
- Real-World Case Studies: Illustrating the Impact of Poverty
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