Poverty Vs. The Economy
Beginning of paper
Poverty is a lack of goods and services necessary to maintain a
minimal adequate standard of living. The definition of the term adequate varies,
however, with the general standard of living in a society and with public
attitudes toward deprivation. No university accepted definition of basic needs ....
Middle of paper
.... Based
on past surveys, the designers of the poverty index determined that families of
three or more person spend approximately one-third of their income on food.
Thus, the poverty level for these families was, therefore, set at three times
the cost of the economy food plan. For smaller families and persons living
alone, the cost of the economy food plan was multiplied by higher factors in
order to compensate for the larger fixed expenses of smaller households. The
poverty thresholds are ....
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Word count: 1489
Page count: 6 (approximately 250 words per page)
