The word poverty comes from the old (Norman) French word poverté (Modern French: pauvreté), from Latin paupertās from pauper (poor). [7][page needed] There are several definitions of poverty depending on the context of the situation it is placed in. It usually references a state or condition in which a person or community lacks the financial resources and essentials for a basic standard of living. United Nations: Fundamentally, poverty is a denial of choices and opportunities, a violation ... Poverty and well-being Poverty is a pronounced deprivation in well-being. Income or consumption poverty refers to lack of monetary resources to meet needs. Absolute poverty is poverty below a set line of what is required to access minimum needs for survival. Relative poverty is set in relation to others. Shelter poverty , food poverty , asset poverty , Poverty : What is meant by Poverty ? Learn about Poverty in detail, including its explanation, and significance in Economy on The Economic Times . Poverty affects billions, lacking basic necessities. Learn its causes, measurement methods, and global impact.
