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This is a short summary of the paper
ON POVERTY

Start of Term Paper
Poverty as a social phenomenon has been a problem at every step of civilisation. Although the portion of poor people in society fluctuates in comparison to other times, poverty always remained as a problem. Moreover, the policies used to eradic ....

Middle of Term Paper
... commonly used. There are two general approaches defining poverty: the absolute approach and the relative approach. The absolute approach holds that a certain amount of goods and services are essential to and individual. Those who do not have this minimum amount are viewed as poor. But there is a problem with this approach because our definition of a minimum acceptable standard of living is itself likely to change over time. The relative approach, on the other hand, states that a person is poor when his or her income is substantially less than the average income of the population. With this approach poverty will persist as long income inequ ...

Number of Words: 2053 Approximate Pages: 8

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