Describe the concept of poverty.

Describe the concept of poverty.

The concept of poverty refers to a state of deprivation or lack of basic necessities and resources required for a decent standard of living. It is often measured in terms of income or consumption levels, where individuals or households falling below a certain threshold are considered to be living in poverty. Poverty can manifest in various forms, including absolute poverty (lack of basic needs such as food, shelter, and healthcare) and relative poverty (being significantly worse off compared to the average standard of living in a particular society). It is a multidimensional issue that encompasses not only economic factors but also social, political, and cultural dimensions. Poverty can have severe consequences on individuals and communities, leading to limited opportunities, reduced access to education and healthcare, increased vulnerability, and social exclusion. Addressing poverty requires comprehensive strategies that focus on economic growth, social protection, access to basic services, and empowerment of marginalized groups.