Question

Which of the following statements accurately defines poverty?

1. Poverty is a social phenomenon in which a section of society is unable to fulfill even its basic necessities of life.
2. Poverty is primarily an individual's inability to manage finances, irrespective of societal factors.
3. Poverty refers to the state of having limited access to luxury goods and services.

• A. 1, 3
• B. 2 only
• C. All
• D. 1 only

Answer 1

Answer:

D. 1 only

• Poverty is a complex and multi-faceted issue, not merely a lack of income but also a deprivation of basic human needs like food, clean water, sanitation, health, shelter, education, and information.

• It encompasses social, economic, and political elements and can be classified into absolute poverty (lack of basic necessities) and relative poverty (lack of resources compared to others in a society).