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What is poverty?

"The most commonly used way to measure poverty is based on incomes. A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the "poverty line". What is necessary to satisfy basic needs varies across time and societies. Therefore, poverty lines vary in time and place, and each country uses lines which are appropriate to its level of development, societal norms and values."

(The World Bank Organisation)

Two very broad concepts of poverty are being utilized today by statistical agencies and researchers throughout the world, responding to different concerns. One is the concept of absolute poverty, understood as the minimum set of resources a person needs to survive. The other is the concept of relative poverty, a measurement of the resources and living conditions of parts of the population in relation to others

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