Condition where people's basic needs for food, clothing, and shelter are not being met. According to World Bank:
Poverty is pronounced deprivation in well-being, and comprises many dimensions. It includes low incomes and the inability to acquire the basic goods and services necessary for survival with dignity. Poverty also encompasses low levels of health and education, poor access to clean water and sanitation, inadequate physical security, lack of voice, and insufficient capacity and opportunity to better one’s life. According to United Nations:
Fundamentally, poverty is a denial of choices and opportunities, a violation of human dignity. It means lack of basic capacity to participate effectively in society. It means not having enough to food and clothing a family, not having a school or clinic to go to, not having the land on which to grow one’s food or a job to earn one’s living, not having access to credit. It means insecurity, powerlessness and exclusion of individuals, households and communities. It means susceptibility to violence, and it often implies living in marginal or fragile environments, without access to clean water or sanitation. Type of Poverty:
Poverty is generally of two types which are as follow.
Absolute poverty is synonymous with destitution and occurs when people cannot obtain adequate resources (measured in terms of calories or nutrition) to support a minimum level of physical health. Absolute poverty means about the same everywhere, and can be eradicated as demonstrated by some countries. Relative poverty
Relative poverty occurs when people do not enjoy a certain minimum level of living standards as determined by a government (and enjoyed by the bulk of the population) that vary from country to country, sometimes within the same country. Relative poverty occurs everywhere, is said to be increasing, and may never be eradicated. Psychological Cause of poverty
Poverty is regarded as a vicious circle. It is the product of different causes. Some of the thinkers have attributed it to a single cause but as poverty is a multi dimensional problem, multiple factors are responsible for it. According to hennery George, the main cause of poverty is the personal ownership and monopoly of individual on the land. He writes “in great cities where land is so valuable that it is measured by foot you will find extreme of poverty and of luxury.” Marx said the main causes of poverty are the exploitation laborers by the capitalists. Malthus said, poverty increases because of the fact that, while the food production increases in arithmetical progression, the population increase in geometric progression. These views lay emphasis on a singular cause of poverty but modern social scientists consider that poverty is the result of multiple factors. Personal factors:
Personal factors play important role in economic status of a person. In this modern scientific era, one may not believe in the fate but no one can deny the importance of personal capacity and efforts in his life style and life pattern. The important personal factors cause poverty is as follows. i) Sickness:
Due to sickness a person is unable to work or his income decreases. A major portion of his income is spent on the cure of the diseases. Sickness increases poverty. Hunter has rightly pointed out that “Poverty and sickness form a vicious partnership each helping the other to add to the miseries of most unfortunate of mankind.” ii) Mental disease:
Mental disease and frustration also increase poverty. Owing to this, a man looses the balance of his mind by which he is incapable of doing anything. So his family becomes poor and it aggravates poverty. iii) Accident:
Accident of any kind may make a person incapable of working, as a result of which he becomes a parasite on society or his income decreases. When income decreases poverty increases. iv) Idleness and extravagance:
India is a rich country inhabited by...