30. Poverty

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Last updated 7:02 PM on 6/2/26
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4 Terms

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Poverty

Lack of adequate income and wealth to sustain a basic standard of living.

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Absolute poverty

Extreme outright poverty with income equal to or less than $1.25 per day.

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Relative poverty

Having a lower standard of living compared with the average member of society.

4
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Redistribution of income

Policies to reduce inequality in the distribution of income.