Question

what is economic poverty
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Answer 1

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. ... Therefore, the threshold at which relative poverty is defined varies from country to another, or from one society to another.

Answer 2

Poverty means not having enough money for basic needs such as food, drinking water, shelter, or toilets. Many people in different countries live in poverty, especially in developing areas of West and Sub-Saharan Africa, Latin America and some parts of Asia. There are different ways to measure poverty.