Understanding poverty seems straightforward from some common
definitions fronted but, in reality, complicated when several factors
are put into context.
The common meaning of the term poverty is not having enough money to meet day to day basic needs like food, shelter, water, or clothing. What is clear is that there is poverty in almost all countries of the world, however, in some cases like in the developing countries, poverty is extreme, widespread, and intense. The World Bank defines an extreme poverty situation as having less than $1 a day. In the cycle of poverty, sometimes referred to as a vicious cycle of poverty or poverty trap, a number of factors and events starts and entraps a person or persons in poverty for a long period time until an application of appropriate interventions.
The common meaning of the term poverty is not having enough money to meet day to day basic needs like food, shelter, water, or clothing. What is clear is that there is poverty in almost all countries of the world, however, in some cases like in the developing countries, poverty is extreme, widespread, and intense. The World Bank defines an extreme poverty situation as having less than $1 a day. In the cycle of poverty, sometimes referred to as a vicious cycle of poverty or poverty trap, a number of factors and events starts and entraps a person or persons in poverty for a long period time until an application of appropriate interventions.
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