What Is Poverty Essay

What Is Poverty Essay-53
Poverty problem in modern society and the main conceptions of its level It is well known that the problem of poverty implies the existence of three conceptions of its definition.The first one is the conception of absolute poverty.It has been changed to rule out certain effects such as inflation, meaning that prices of things rise higher than what a person is paid, and other price level differences.

Poverty problem in modern society and the main conceptions of its level It is well known that the problem of poverty implies the existence of three conceptions of its definition.The first one is the conception of absolute poverty.

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For the third conception the solution of the poverty problem is connected with subjective estimation of means required for socially acceptable level of life.

The basic is the principal of the principle of calculation of the subsistence minimum for a person.

Income needed for the maintenance of the minimum family needs is estimated according to this conception.

The second one is the conception of relative poverty, the main criterion of which is minimum needs of a human.

The Gross Domestic Product, or GDP, and Human Development Index, or HDI, are two of those measures.

Gross Domestic Product is the money made from trade from inside the country.

The citizens of rural districts and towns, as well as the unemployed belong to this group.

The class of economical poverty and the new poor is formed in such a way.

HDI, meaning the Human Development Index is a different matter.

It is determined by life expectancy and adult literacy rates.

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