Poverty

Definition

Poverty is the state of having insufficient financial resources to meet basic living expenses such as food, clothing, and housing. It is a significant challenge within the international political economy, contributing to inequality and environmental degradation.

Related terms

Inequality:

The unequal distribution of wealth, opportunities, and privileges within a society.

Sustainable Development:

A development strategy that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs.

Globalization:

The process by which businesses or other organizations develop international influence or start operating on an international scale, often affecting economic patterns and social structures