In the simplest term, poverty may be defined as a social condition where individuals do not have financial means to meet the most basic standards of life that is acceptable by the society. Individuals experiencing poverty do not have the means to pay for basic needs of daily life like food, clothes and shelter.
Poverty is the state of human subsistence where one finds him unable to fully participate in the process of production and fair trade, to earn suitable wages,enough to cover the cost of a healthy & hygienic living in a dignified way. A person in poverty in not only denied a healthy & productive living standard in present, but he is also unable to make good use of any evolving opportunity due to lack of adequate resources. Thus even the future generation of a person in poverty is condemned to live in subsistence. Poverty not only gives an undignified present state of living but also makes a person bereft of any hope to improve his lot without an external support.
Poverty also staves people off from accessing much needed social tools of well-being like education and health requirements. The direct consequences stemming from this problem are hunger, malnutrition and susceptibility to diseases which have been identified as major problems across the world. It impacts individuals in a socio-psychological way with them not being able to afford simple recreational activities and getting progressively marginalized in the society.
Below are some of the main factors resulting to the stage of Poverty