"Poverty is a state or condition in which one lacks the financial resources and essentials for a certain standard of living."
Examines different approaches to measure poverty and how it affects economic development.
Absolute Poverty: The measurement of poverty based on an absolute threshold of basic needs, such as food, shelter, and clothing.
Relative Poverty: The measurement of poverty based on the comparison of one person's income or standard of living with others in their society or community.
Poverty Line: The income or consumption level that is necessary to meet basic needs and avoid poverty.
Poverty Trap: A situation where being poor makes it difficult to escape poverty due to factors such as low income, lack of access to resources, and limited mobility.
Inequality: The unequal distribution of resources, such as income, wealth, and opportunities, which can contribute to poverty.
Human Development: An approach to understanding poverty that focuses on improving people's well-being by investing in education, health, and other essential areas.
Gender Inequality: The unequal treatment and opportunities for men and women, which can contribute to poverty and exacerbate its effects.
Social Protection: Programs and policies designed to provide support and assistance to vulnerable groups, such as the poor, elderly, and disabled.
Access to Resources: The availability and accessibility of resources such as healthcare, education, credit, and land, which can affect a person's ability to escape poverty.
Poverty Reduction Strategies: Policies and programs aimed at reducing poverty, such as income redistribution, job creation, and investment in social welfare programs.
Food Security: The ability of individuals and households to access food that is sufficient, safe, and nutritious.
Microfinance: The provision of small loans and financial services to low-income individuals, typically without collateral.
Informal Economy: Economic activities that are not regulated or monitored by the government, such as street vendors and household-based businesses.
Corruption: The abuse of power for personal gain or the diversion of resources away from their intended purpose, which can contribute to poverty and hinder poverty reduction efforts.
International Aid: Financial and technical assistance provided by developed countries or international organizations to support poverty reduction and economic development in developing countries.
Conflict: Armed conflict or political instability can contribute to poverty by disrupting markets, destroying infrastructure, and forcing populations to flee their homes.
Vulnerability: The likelihood and severity of negative outcomes, such as illness or crop failure, which can push vulnerable individuals and households into poverty.
Sustainability: The ability to maintain progress towards poverty reduction and development goals over the long term, without depleting natural resources or sacrificing equity.
Economic Growth: The increase of a country's total output of goods and services, which can contribute to poverty reduction by providing more jobs and higher wages.
Multidimensional Poverty: A broader measure of poverty that considers a range of factors beyond income, such as health, education, and social inclusion.
Poverty Mapping: A geographical approach to poverty analysis that visualizes levels of poverty in different regions or communities.
Big Data: The collection and analysis of large amounts of data, which can provide insights into poverty and help target interventions more effectively.
Behavioral Economics: An approach to understanding decision-making that takes into account the psychological factors that can affect economic behavior, such as biases and heuristics.
Ancient/Traditional Methods: Evaluation of poverty measurement and analysis using ancient or traditional economic models and techniques, ie. Aristotle, Hammurabi or Hindu scripture.
Utilitarianism: A political philosophy that values distributional justice, material inequality and political liberty. It is widely applied in development economics as a tool for policymaking, social welfare, and intervention.
Neo-Classical Theory: Current mainstream economic theory, which advocates for the optimal distribution of resources (efficiently, competitively and free trading) while acknowledging that some people would inevitably lose out.
Rational Choice Theory: Explains how social and economic systems respond to the decision-making behavior of individuals or groups, to make better and rational decisions by giving the individuals and the groups more information.
Unemployment: Disadvantages of poverty, including a lack of quality jobs, effects of long-term unemployment, job skill mismatch, discrimination, and the influence of globalization on job markets.
Education: The importance of education in a poverty-stricken region or community, such as the use of schools and other institutions in alleviating poverty, the quality and attainability of education, and the role of education in social mobility.
Health: Explains the effects of public health challenges (such as infectious disease, malnutrition, and lack of healthcare infrastructure), on poverty reduction, economic development and safety, as well as the access to healthcare services and the arrangement of healthcare systems.
Absolute Poverty: Absolute poverty is measured by the minimum level of income, consumption or basic needs required to survive. It focuses on the inability of individuals or households to meet their basic needs such as food, shelter, and clothing.
Relative Poverty: It is defined as the situation of people whose income, consumption, or level of economic well-being is below a certain level compared to other members of society. It takes into account the societal and contextual norms and expectations.
Multidimensional Poverty: This measurement considers various dimensions of poverty like income, health, education, and social well-being, instead of just focusing on the income component.
Monetary Poverty: This measurement considers only the monetary dimension of poverty, which includes income, consumption, and assets.
Human Poverty: Human poverty index considers indicators like life expectancy, literacy, and access to basic services along with income measures.
Social Exclusion: Social exclusion measurement considers the exclusion of certain groups from society, such as people with disabilities, immigrants, and minorities who lack access to resources, services, and opportunities.
Gender Poverty: Gender poverty measurement looks at the disproportionate impact of poverty on women and girls. It looks at the intersection between gender and poverty to understand the dimension of poverty differently.
Rural Poverty: Rural poverty measurement focuses on the poverty that exists in rural areas, characterized by limited access to essential services and infrastructure.
Urban Poverty: Urban poverty measurement focuses on the poverty that exists in urban areas, characterized by social, economic, and spatial marginalization.
Child Poverty: Child poverty measurement focuses on the poverty experienced by children in terms of their access to basic needs like health, education, and shelter.
By Access to Resources: This measurement looks at the access of individuals and households to basic resources such as land, credit, healthcare, and education.
Vulnerability to Poverty: This measurement looks at the future probability of an individual or household experiencing poverty due to external shocks or economic downturns.
Inequality: Inequality measurement looks at the distribution of income, consumption, and wealth in society and how it is skewed towards specific groups or individuals.
Capability Poverty: Capability poverty measurement looks at the ability of an individual to achieve their goals and aspirations in life. It considers the socio-economic, cultural, and political factors that limit individuals' capabilities.
Environment and Poverty: Environment and poverty measurement look at the impact of environmental degradation on poverty levels. It looks at how poverty and environmental degradation are interlinked, leading to a vicious cycle of poverty.
Poverty Dynamics: Poverty dynamics measurement looks at the transition of households between poverty and non-poverty states over time. It considers the reasons for poverty persistence and identifies policies that can reduce poverty in the long run.
"When evaluating poverty in statistics or economics there are two main measures: absolute poverty compares income against the amount needed to meet basic personal needs, such as food, clothing, and shelter; relative poverty measures when a person cannot meet a minimum level of living standards, compared to others in the same time and place."
"The definition of relative poverty varies from one country to another, or from one society to another."
"Statistically, as of 2019, most of the world's population live in poverty: in PPP dollars, 85% of people live on less than $30 per day, two-thirds live on less than $10 per day, and 10% live on less than $1.90 per day."
"According to the World Bank Group in 2020, more than 40% of the poor live in conflict-affected countries."
"Even when countries experience economic development, the poorest citizens of middle-income countries frequently do not gain an adequate share of their countries' increased wealth to leave poverty."
"Governments and non-governmental organizations have experimented with a number of different policies and programs for poverty alleviation, such as electrification in rural areas or housing first policies in urban areas."
"The international policy frameworks for poverty alleviation, established by the United Nations in 2015, are summarized in Sustainable Development Goal 1: 'No Poverty'."
"Social forces, such as gender, disability, race, and ethnicity, can exacerbate issues of poverty—with women, children, and minorities frequently bearing unequal burdens of poverty."
"Moreover, impoverished individuals are more vulnerable to the effects of other social issues, such as the environmental effects of industry or the impacts of climate change or other natural disasters or extreme weather events."
"Economic pressures on impoverished communities frequently play a part in deforestation, biodiversity loss, and ethnic conflict."
"For this reason, the UN's Sustainable Development Goals and other international policy programs, such as the international recovery from COVID-19, emphasize the connection of poverty alleviation with other societal goals." Please note that due to the limitations of the AI model, some quotes may not be as directly related to the questions as expected.