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.
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I believe that poverty is one of the most controversial issues. The fact is that there is a dilemma about who would you give a million dollars to: to a thousand poor strangers or to one native person? There is no right answer to such a question. My friend crypto millionaire likes to serve to the poor. And I think it's not right. I immediately remember the saying: do not give the poor a fish, but teach him to fish, because then he will be full all his life.
While you are indeed right about that, there is nothing wrong with what your friend is trying to do because serving the poor literally much better than doing nothing, the fact that he is a millionaire doesn't mean that he's the only one that is entitled to help the poor because you too mate have the power to help them. You might not have the resources to help them financially but I'm quite sure that you can teach them how to fish, right?