Poverty Definition
Poverty is a multifaceted concept that refers to the state of having insufficient financial resources to meet basic life necessities. It encompasses not just income, but also access to education, healthcare, and a decent standard of living.
Criteria for Poverty
- Income Levels: A common measure is the poverty line, which varies by country. Individuals or families earning below this line are considered poor.
- Basic Needs: Poverty is also assessed based on the inability to afford essential goods such as food, clothing, and shelter.
- Access to Services: Lack of access to education, healthcare, and sanitation can indicate poverty as these are crucial for improving one's economic condition.
Types of Poverty
- Absolute Poverty: Refers to a condition where individuals cannot meet the basic needs for survival, such as food and water.
- Relative Poverty: This is assessed within a specific context, where individuals may have enough for basic needs but lack the resources to participate fully in society.
Consequences of Poverty
- Health Issues: Poor people often face higher rates of illness due to inadequate healthcare access and nutrition.
- Education Deficits: Poverty can limit educational opportunities, perpetuating a cycle of disadvantage.
- Social Exclusion: Individuals in poverty may experience stigmatization and isolation from society.
Conclusion
In summary, a person is considered poor when they lack the financial means to meet essential life requirements, affecting their overall well-being and opportunities for advancement. Understanding poverty's dimensions is crucial for developing effective policies and support systems.