The definition of poverty is different for every country. There are many formulas to measure it. Poverty generally means not having enough money to meet basic needs including food, clothing and housing. The global poverty line is defined by the purchasing power of people. Poverty is a condition in which an individual or community lacks the financial resources and essential goods necessary for a minimum standard of living. Each nation may have its own criteria for determining the poverty line and counting how many people are living in poverty. For…
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