What Is Poverty? Poverty could also be a state or condition during which a private or community lacks the financial resource and essentials for a minimum standard of living. Poverty means the income level from employment is so low that basic human needs cannot be met. Each nation may have its own threshold that determines what percentage of its people sleep in poverty. Types of Poverty: Absolute Poverty: A condition where household income is below a necessary level to need care of basic living standards (food, shelter, housing). This condition makes it possible to match between different countries and also over time. Relative Poverty: It's defined from the social perspective that's living standard compare to the economic standard of population living in surrounding. Hence it is a measure of income inequality. Usually, relative poverty is measured because the percentage of the population with income but some fixed proportion of median income. Poverty In India Cau...
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