paragraph on poverty
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Answer: Poverty is deprived economic condition and social status in which person lacks money to fulfill basic needs and other standards of living. Poverty has severe effects not only on the individual or society but the overall nation. It is a global issue more prevalent in developing and underdeveloped countries.
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Poverty refers to poor economic condition and lack of material possessions. The poor have further been divided into different categories based on their economic condition. The poorest are those who face extreme poverty and are devoid of even the basic needs.
Ill Effects of Absolute Poverty-
Absolute poverty, also known as extreme poverty, is the condition in which humans are deprived of basic needs including food, shelter, safe drinking water and clothing. It refers to severe state of deprivation.
Here are the ill effects of extreme poverty:
Malnutrition
Diseases and Illnesses
Illiteracy
Unhygienic Surroundings and Poor Environment
High Infant Mortality and Low Life Expectancy
Overall Lack of Human Wellbeing
Absolute poverty prevails more in developing and underdeveloped countries. The per capita income required for survival is different in all countries and time periods. In 2015, World Bank defined extreme poverty is individual living on less than 1.90 US$ purchasing power parity per day and moderate poverty would be defined as less than 2$ or 5$ purchasing power parity per day. However, each country has its own threshold for extreme poverty line. The measure for global poverty line was defined by World Bank considering the high cost of living.
But if one meets the requirement of sustenance resources, for example subsistence farmers, they may have less income without comparatively low living standards. However, the threshold of poverty line declared by World Bank has been argued as for countries with high currency value it is low and for countries with low currency value it is high. As per World Bank data, the percentage of people living below poverty line has decreased since 1990. The human development indicators have also improved. In developing countries, the life expectancy rate has decreased and child mortality rate has increased since World War II.
Conclusion-
Thus, people living in absolute poverty are the most vulnerable and are deprived of social, economic and cultural well-being.
Ill Effects of Absolute Poverty-
Absolute poverty, also known as extreme poverty, is the condition in which humans are deprived of basic needs including food, shelter, safe drinking water and clothing. It refers to severe state of deprivation.
Here are the ill effects of extreme poverty:
Malnutrition
Diseases and Illnesses
Illiteracy
Unhygienic Surroundings and Poor Environment
High Infant Mortality and Low Life Expectancy
Overall Lack of Human Wellbeing
Absolute poverty prevails more in developing and underdeveloped countries. The per capita income required for survival is different in all countries and time periods. In 2015, World Bank defined extreme poverty is individual living on less than 1.90 US$ purchasing power parity per day and moderate poverty would be defined as less than 2$ or 5$ purchasing power parity per day. However, each country has its own threshold for extreme poverty line. The measure for global poverty line was defined by World Bank considering the high cost of living.
But if one meets the requirement of sustenance resources, for example subsistence farmers, they may have less income without comparatively low living standards. However, the threshold of poverty line declared by World Bank has been argued as for countries with high currency value it is low and for countries with low currency value it is high. As per World Bank data, the percentage of people living below poverty line has decreased since 1990. The human development indicators have also improved. In developing countries, the life expectancy rate has decreased and child mortality rate has increased since World War II.
Conclusion-
Thus, people living in absolute poverty are the most vulnerable and are deprived of social, economic and cultural well-being.
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