Question

Which of the following statements correctly describes the concept of poverty?

1. Poverty is solely an economic phenomenon.
2. In human terms, poverty signifies a lack of basic necessities like food and clothing.
3. Economically, poverty is defined as the inability to achieve a minimum standard of living.
4. Poverty can be viewed as the failure to meet the basic requirements for maintaining a minimum standard of living.

• A. All
• B. ii, iii, iv
• C. i, iii
• D. i, iv

Answer 1

Answer:

B. ii, iii, iv

• Poverty is a complex issue extending beyond mere financial deprivation.

• It encompasses social, political, historical, geographical, and cultural factors, all of which contribute to an individual's inability to access basic necessities and opportunities.

• This multidimensional nature means that solutions to poverty must also be multifaceted, addressing systemic issues alongside immediate needs.