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Defining, measuring and combatting
POVERTY Defining, measuring and combatting
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The poverty threshold, or poverty line, is the minimum level of income deemed necessary to achieve an adequate standard of living in a given country The common international poverty line has been roughly $1 a day
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Determining the poverty line is usually done by finding the total cost of all the essential resources that an average human adult consumes in one year This approach is needs-based in that an assessment is made of the minimum expenditure needed to maintain a tolerable life
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Absolute vs relative poverty
These are the two main ways of measuring poverty: Absolute poverty The term absolute poverty is also sometimes used as a synonym for extreme poverty It is characterised by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education
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Relative poverty The wealth or lack of, is measured against “average” or “median” income of the country If the median household earns US$1 million each year, then a family that earns US$100,000 would be considered poor Relative poverty is a standard of living or level of income that is high enough to satisfy basic needs but still lower than that of the majority of the population
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COMBATTING POVERTY WHAT CAN BE DONE?
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