what is poverty pdf

Poverty is a complex and multifaceted issue that can be defined in various ways. Historically, poverty has been defined in monetary terms, using income or consumption levels. Those living below a certain income threshold, known as the poverty line, are classified as poor. However, there are other approaches to conceptualize poverty, such as the basic needs approach, capabilities approach, human development approach, and multidimensional poverty approach. These different definitions are influenced by disciplinary approaches, world views, and ideologies. Absolute poverty refers to a lack of basic necessities for survival, while relative poverty compares peoples way of life and income to the general standard of living. Poverty can also be seen as a value judgment, and it is not something that can be easily verified or demonstrated. It is important to note that poverty is not solely about income, but also about material deprivations and individual well-being. The concept of poverty is conditioned by the society in which people live and to which they belong, and it can differ in different societies and periods of societal evolution. Overall, poverty is a complex and multidimensional issue that requires a comprehensive understanding to effectively address its various manifestations.