Poverty

Poverty is broadly defined as a condition in which a person or group of people lacks the essentials and necessities to achieve a minimum standard of living and well-being. Poverty is most frequently defined by economic circumstances, where individuals have insufficient access to resources. However, it may also be defined by the social ramifications that are predicated by a deprived state of social or political power.

The prevalence of poverty varies throughout the world. Industrialized nations have a lower incidence of poverty than less developed nations. In developing nations, poverty is a bleak reality. The causes of poverty are diverse, but in countries with densely impoverished regions they are geological, agricultural, ecological, and geopolitical. Official reporting agencies debate the method with which poverty is measured and ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles