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Exploring poverty involves understanding its types—absolute, relative, and subjective—and the societal impact of social exclusion. Absolute poverty is about meeting basic physical needs, while relative poverty compares economic status within societal standards. Subjective poverty is self-assessed financial well-being. Social exclusion's role in limiting access to opportunities and rights is also crucial in the poverty discourse.
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Poverty is a complex idea that has evolved over time
Poverty is the lack of necessary resources for a socially acceptable life
Poverty includes both material deprivation and exclusion from social and cultural life
Absolute poverty refers to the inability to meet basic physical needs
Relative poverty measures an individual's economic status in comparison to the overall standard of living in their society
Subjective poverty is based on an individual's personal assessment of their financial situation
Differences in societal norms and living standards make it difficult to measure poverty globally
The World Bank's international poverty line attempts to define absolute poverty across nations
Relative poverty lines are often set as a percentage of median national incomes to better reflect local economic conditions
Social exclusion encompasses the denial of opportunities and capabilities beyond just financial hardship
Social exclusion is rooted in structural factors that limit access to resources and participation in society
Social exclusion has profound psychological effects and disproportionately affects vulnerable populations such as children and the elderly
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Multifaceted nature of poverty
Poverty is complex, involving material, social, and cultural dimensions.
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Poverty and basic needs
Poverty includes inability to meet essential material needs for survival.
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Poverty's impact on social participation
Poverty hinders engagement in community's social and cultural life.
