By poverty we generally mean a situation in which a person fails 10 earn income sufficient to purchase his bare means of subsistence. A poor man is one who does not have command over the basic needs of life like enough food, clothing, drinking water and shelter on the material level. On the nonmaterial level a poor man is deprived of basic social needs like health and education.
Three broad concepts of poverty can be identified. Poverty can be defined as subsistence, inequality and externality. But poverty is mainly viewed in two ways absolute and relative. In absolute sense, poverty relates to subsistence. It means absence of the minimum physical quantities of food required for an individual daily. People are considered poor if they fail to attain minimum standard of consumption and nutrition necessary for their bare existence.
Absolute poverty can be measured through income levels. Besides, progress in health and nutrition,... [continues]
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