POVERTY

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In this world specially in the Philippines people now are in the state of being poor, inferior in quality or insufficient in amount.

Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money. Poverty is a multifaceted concept, which may include social, economic, and political elements. Absolute poverty, extreme poverty, or destitution refers to the complete lack of the means necessary to meet basic personal needs such as food, clothing and shelter.

The threshold at which absolute poverty is defined is considered to be about the same, independent of the person's permanent location or era. On the other hand, relative poverty occurs when a person who lives in a country X does not enjoy a certain minimum level of "living standards" as compared to the rest of the population of the same country. Therefore, the threshold at which relative poverty is defined varies from country to another, or from one society to another.



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