Post
Topic
Board Economics
Re: Is poverty a lack of money?
by
bbigtart
on 21/06/2023, 17:42:53 UTC
I see poverty as the inability to provide what you need. So when people assume that poverty is when you don't have money I don't agree. Now what if you have all you need and you don't require money to buy anything, are you poor? Some people live in communities where everyone lives agrarian life. They have all they need because everything they need to survive is available. Food is on the farm, water available and everybody is happy. Although it was hard during the Covid-19 lockdown many people lived without money. I have also seen many people leaving cities and moving to rural areas to live a natural life.

In summary when you have everything you need to survive and you don't need money, are you poor?
when talking about poverty, in general people will look at the ability of people to meet their basic needs, such as food, shelter, education, health care and being able to pay electricity bills. If he has the ability to meet this most basic of needs, then I don't think it's poverty.

So naturally, if you say that you have no money, it doesn't mean that you are poor if their needs are met, especially if you are cultivating your own crops in a rural area. This might make sense, but it is very different if you live in a city where money is everything because everything has to be paid for using money. Besides that, the cost of living in the village and in the city is very much different.