6 Nov 2021
Problem 24
Page 780
Section: CRITICAL THINKING QUESTIONS
Chapter 32: Macroeconomic Policy Around the World
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6 Nov 2021
Introduction
Poverty is defined as a status or circumstance in which an individual or a group is without the economic means and necessities for a basic level of living. Poverty is defined as a situation in which one’s earnings from work are insufficient to meet fundamental human requirements. Poverty-stricken individuals and households may be deprived of adequate shelter, safe drinking water, nutritious meals, and health care. Each country may have its own poverty line that defines how many individuals live in poverty.
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