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Sep 11
Poverty is a state or condition in which a person or community lacks the financial resources and basic necessities to meet their basic needs for food, shelter, clothing, healthcare, and education. It is often characterized by a lack of access to resources and opportunities, leading to a lower standard of living and limited ability to improve one's circumstances. Poverty can be caused by a variety of factors, including unemployment, low wages, lack of education, discrimination, and systemic inequality.
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Google Gemini AI
Sep 11
Definition of Poverty
Poverty is a complex and multifaceted concept that refers to a state of deprivation in which individuals or groups lack the essential resources, opportunities, and rights to live a decent and dignified life. Poverty is not merely the lack of material goods, but also encompasses a lack of access to basic services, education, health care, social protection, and participation in decision-making processes.
Key Dimensions of Poverty:
- Income and Consumption Poverty: Measured by the level of income or consumption below which individuals or households are considered poor.
- Capability Poverty: Refers to the lack of capabilities or opportunities to pursue a meaningful life. This includes access to education, health care, nutrition, and social participation.
- Subjective Poverty: Measured by individuals' own perceptions of their well-being, relative to others in society.
- Multidimensional Poverty: Combines various dimensions of poverty, such as income, education, health, and empowerment, to provide a more comprehensive assessment of deprivation.
Types of Poverty:
- Absolute Poverty: Measured against a minimum standard of living, such as the World Bank's international poverty line of $1.90 per day.
- Relative Poverty: Defined in relation to the average standard of living in a society. Individuals or households are considered poor if their income or consumption falls below a certain percentage (e.g., 50%) of the median income.
- Chronic Poverty: Persistent poverty that lasts for several years or generations.
- Transient Poverty: Temporary or short-term poverty that individuals or households experience due to specific circumstances.
Causes of Poverty:
- Economic Factors: Lack of employment opportunities, low wages, and income inequality.
- Social Factors: Discrimination, lack of education and skills, limited access to social protection systems.
- Political Factors: Poor governance, corruption, and policies that favor the wealthy.
- Environmental Factors: Climate change, natural disasters, and environmental degradation.
Consequences of Poverty:
- Health problems
- Educational disparities
- Social exclusion
- Political instability
- Increased crime rates
- Reduced economic growth
Poverty is a complex and multifaceted concept that refers to a state of deprivation in which individuals or groups lack the essential resources, opportunities, and rights to live a decent and dignified life. Poverty is not merely the lack of material goods, but also encompasses a lack of access to basic services, education, health care, social protection, and participation in decision-making processes.
Key Dimensions of Poverty:
- Income and Consumption Poverty: Measured by the level of income or consumption below which individuals or households are considered poor.
- Capability Poverty: Refers to the lack of capabilities or opportunities to pursue a meaningful life. This includes access to education, health care, nutrition, and social participation.
- Subjective Poverty: Measured by individuals' own perceptions of their well-being, relative to others in society.
- Multidimensional Poverty: Combines various dimensions of poverty, such as income, education, health, and empowerment, to provide a more comprehensive assessment of deprivation.
Types of Poverty:
- Absolute Poverty: Measured against a minimum standard of living, such as the World Bank's international poverty line of $1.90 per day.
- Relative Poverty: Defined in relation to the average standard of living in a society. Individuals or households are considered poor if their income or consumption falls below a certain percentage (e.g., 50%) of the median income.
- Chronic Poverty: Persistent poverty that lasts for several years or generations.
- Transient Poverty: Temporary or short-term poverty that individuals or households experience due to specific circumstances.
Causes of Poverty:
- Economic Factors: Lack of employment opportunities, low wages, and income inequality.
- Social Factors: Discrimination, lack of education and skills, limited access to social protection systems.
- Political Factors: Poor governance, corruption, and policies that favor the wealthy.
- Environmental Factors: Climate change, natural disasters, and environmental degradation.
Consequences of Poverty:
- Health problems
- Educational disparities
- Social exclusion
- Political instability
- Increased crime rates
- Reduced economic growth
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