There are many different definitions of poverty. You have surely heard about the $1 a day poverty measure, the Human Development Index (HDI), human rights, basic needs, capabilities, absolute poverty, relative poverty, chronic poverty, relative deprivation, etc.
What do they measure? And, more importantly, how are these related to each other?
- The Capabilities approach
- Social Exclusion
- Participatory approaches to defining poverty
- Dire poverty, the inability to afford to live
- The Micawber Principle, that happiness consists of having any extra income to invest in one's future, and misery is falling short of expenses by even a few pennies a year. The basis of the Grameen Bank's success, and of microfinance in general.
Types of measures
- Absolute poverty
- Chronic poverty
- Extreme poverty