World Bank Poverty Lines

Poverty is widely acknowledged to be a multidimensional concept. The biggest controversies when measuring poverty are related to the method of determining the level of satisfaction of needs considered desirable or the manner of understanding poverty. Poverty may be understood in an absolute or relative way. Defining the category of poverty and determining the methods of its measurement are fundamental for the development of social policy programs aimed at combating poverty and minimizing its effects. Depending on the adopted definitions and methods of estimating the scale of the phenomenon, different social groups may be considered at risk of poverty. In the literature there is no single definition of poverty, and attempts to construct indicators of the depth, extent, and persistence of poverty still face numerous ...