Understanding Poverty: Causes, Effects, and Solutions
Classified in Economy
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Understanding Poverty
Defining Poverty
Relative poverty refers to economic inequality within a society. Individuals or groups experiencing relative poverty have less access to goods and services compared to others.
Absolute poverty signifies the lack of resources to meet basic human needs, such as water, food, sanitation, shelter, clothing, and education.
People Affected by Poverty
Individuals facing poverty often experience disadvantages, including limited access to quality education and increased health risks.
Causes of Poverty
- Unemployment or Underemployment: Lack of sufficient work opportunities to earn a living wage.
- Old Age: Insufficient income after retirement.
- Ill Health: Mental and physical health issues can hinder employment and increase expenses.