poverty

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poverty

a situation where a person's income is too low to enable him or her to buy the amount of food, clothing and shelter that are deemed necessary to meet his or her basic needs, that is, some ‘subsistence’ standard of living. Countries have different definitions of what minimum income constitutes poverty and often measure poverty levels as a proportion of average income. High proportions of the populations of DEVELOPING COUNTRIES experience poverty. Governments attempt to combat poverty by encouraging faster ECONOMIC GROWTH and by the redistribution of income. See REDISTRIBUTION-OFINCOME PRINCIPLE OF TAXATION, ABILITY-TO-PAY PRINCIPLE OF TAXATION, PROGRESSIVE TAXATION, SOCIAL SECURITY BENEFITS.
References in periodicals archive ?
The idea and the ideal of religious poverty exerted a powerful force throughout the Middle Ages.
Lollardism preached the dropping of enforced celibacy, the extension of religious poverty and the translation of the bible into English, but some preachers went too far extending their beliefs into free love, although Grace was not one of those.
The spiritual emptiness of our time is a symptom of its religious poverty, but it also presents an opportunity for deepening one's religious life.