What is poverty? Poverty can be defined in many different ways but according to the encyclopedia, poverty is the lack of many things like basic human needs, for example clean and fresh water, nutrition, health care, education, clothing and shelter. The inability to afford them is what causes poverty. The cause and effect of poverty placed in many different places. Some may say that poverty can be the result from lack of money but the truth lies deeper than that.
So poverty does not only include deprivation due to low income but also deprivation of proper health care facilities, sanitation, lack of education etc. Poverty can be understood better by studying the different types of poverty. There are two types of poverty- absolute and relative poverty. Absolute poverty is a situation in which there is extreme deprivation of basic needs for survival. When there is lack of absolutely compulsory requirements for a human being to survive then the person is living in abject or absolute poverty.
Poverty occurs in most parts of the world. Nevertheless, the more serious and problematical poverty takes part in the third world and the southern parts of the globe. First of all, we have to clearly define the word “poverty';. In a broad sense, it means that people within this “poverty'; region are poor or have a lower average income per capita than other regions. To a deeper approach, we refer “poverty'; as people have low educational backgrounds, lack of food supplies, or people with lower standard of livings, etc.
In this essay one will critically evaluate and discuss the above statement using chambers (1983) five dimensions of poverty. “Poverty is a condition where a society barely survives on a level of subsistence, coupled with limited access to the necessities of physiological factors such as clothing, food and appropriate accommodation, in view of maintaining a basic standard of living” (Balogun,1999). “Poverty is devastating to many. It causes instability and political unrest and fuels conflict” (Koffi annan, 2005, Former US Secretary
This generally lead to the poor working as bonded labour for generations for the little amount of money borrowed. This obstructs the growth of the poor and keeps them in debt for a long time hence dumping them in poverty Concepts for Measuring Poverty in India There are two concepts for measuring poverty in India, by which we can understand the poverty in India with much more clearer perspective. The two concepts are:- • Absolute Poverty- Absolute poverty is defined in terms of incomes below the minimum standard of nutrition and consumption. The emphasis, here is on a minimum level of living rather than on a reasonable level of living. • Relative Poverty- Relative poverty refers to the large inequalities in the distribution of income.
Poverty is the worst social problem being faced the whole world. In its simplest terms, Poverty can be described as the lack of resources. It is an economic problem, which adversely affects the lives of people living in any specific part of the world. Inaccessibility and low economic growth are the main contributors to poverty. Improvement in economic growth accompanied by good governance and effective microeconomic and macroeconomic management can bring reduction in poverty.
The Culture of Poverty and the Underclass. Poverty is defined as the state in which income of an individual is insufficient to provide basic necessities, such as food, shelter, or clothing. On the basis of insufficiency, poverty is broadly classified into two types, namely, absolute poverty and relative poverty (Steinour, 2016). Absolute poverty occurs when the insufficiency is so severe that it is life threatening. For example, cases where an individual is unable to afford basic amenities like medicines, a safe home, food, that could lead to the death of that individual is said to be absolute poverty.
“Poverty exists because the economic system is organized in ways that encourage the accumulation of wealth at one end and creates conditions of scarcity that make poverty inevitable at the other end” (Johnson). Poverty exists internationally because of the lack of resources to develop poor societies. Rural areas are home to greater portions of the population who are living below the poverty line. The United States profiles the poor according to age, race, and gender. Every age group is affected by poverty, however, reports have shown that the poverty rates for children 18 years and under are greater.
In my opinion, I think poverty cannot be eradicated because forty percent of the world’s population is at poverty level, which means 2.8 billion people. In addition, it is difficult to eradicate poverty since there will be many corrupt officials when the governments give the funds to the poor people, those officials
Poverty vs. The Economy Poverty is a lack of goods and services necessary to maintain a minimal adequate standard of living. The definition of the term adequate varies, however, with the general standard of living in a society and with public attitudes toward deprivation. No university accepted definition of basic needs exists because poverty is a relative concept. In poorer countries it means living at the brink of subsistence, while in our country few improvised families confront starvation, although many suffer from undernourishment.