Poverty Vs. The Economy
Poverty vs. The Economy
Poverty is a lack of goods and services necessary to maintain a
minimal adequate standard of living. The definition of the term adequate varies,
however, with the general standard of living in a society and with public
attitudes toward deprivation. No university accepted definition of basic needs
exists because poverty is a relative concept. In poorer countries it means
living at the brink of subsistence, while in our country few improvised families
confront starvation, although many suffer from undernourishment.
A key issue in the area of poverty is inequality. Inequality has been
a problem in all societies. No society distributes income evenly. Despite all
the conceptual and technical problems of measurement, the government has
devised a widely cited poverty index that reflects the different consumption
requirements of families depending on their size and composition, on the sex and
age of the family head, and on weather they......
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