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Definition

Poverty

Poverty is a state of having inadequate income or other resources to support a household or group of households at a basic standard of living. Poverty can be measured in absolute or relative terms.

Webster Dictionary Meaning

1. Poverty
- The quality or state of being poor or indigent; want or scarcity of means of subsistence; indigence; need.
- Any deficiency of elements or resources that are needed or desired, or that constitute richness; as, poverty of soil; poverty of the blood; poverty of ideas.
Category: Economics
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