Poverty is dynamic in nature: even as some people move out of poverty, other people simultaneously fall into poverty. The poverty pool is being simultaneously both depleted and refilled. In this assignment we have discussed poverty, its causes and affects it has on our country Pakistan. Further we have also discussed what measures we should take to make our country free from all sorts of deficiencies.
The word poverty comes from old French poverté (Modern French: pauvreté), from Latin paupertās, from pauper (poor).
Poverty means not having enough money for basic needs such as food, water, shelter, or toilets. Many people in different countries live in poverty, especially in developing areas of Africa, Latin America and some parts Asia.
There are different ways to measure poverty. The World Bank says that extreme poverty is when someone has less than US$1 a day to live on (that dollar is an ideal one). It has been changed to rule out certain effects such as inflation, meaning that prices of things rise higher than what a person is paid, and other price level differences). Moderate poverty is when people have to live on less than $2 a day. In the year 2001, 1.1 billion people were seen as extremely poor, and 2.7 billion were seen as moderately poor.
In the developed world this does not apply. There, many people are seen as the working poor. They have a job, but do not earn enough money for basic things such as food and a home. In most developed countries, people without jobs receive money from the government, but this is often less than they need for a comfortable life.
There are different ways to tell if a country is rich or poor. The Gross Domestic Product, or GDP, and Human Development Index, or HDI, are two of those measures. Gross Domestic Product is the money made from trade from inside the country.
HDI, meaning the Human Development Index is a different matter. It is...