Post
Topic
Board Economics
Re: Is poverty a lack of money?
by
Vishnu.Reang
on 16/07/2023, 08:22:54 UTC
We can say that poverty refers to lack of money, We can consider weather individual are able to full fill their basic needs or not. If He/she are able to full fill their family's basic needs then we cannot consider them under poverty level. Poverty is said to exist when people lack the means to satisfy their basic needs. There are several things to determine poverty like poor education, unemployment, over population etc. We can reduce poverty with Productivity and incomes from occupations and livelihoods are important factors for reducing poverty. Social conditions such as health, nutrition, education and housing influence productivity, thus affecting poverty status.