What do you mean by poverty?

Poverty refers to the state of lacking sufficient financial resources to meet basic living needs, such as food, shelter, and clothing. It can be measured in absolute terms, where individuals fall below a certain income threshold, or in relative terms, where individuals lack the means to maintain a standard of living considered acceptable within their society. Poverty often encompasses not just economic deprivation but also limited access to education, healthcare, and opportunities for social mobility. It is a complex issue influenced by various factors, including systemic inequality and economic conditions.