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Poverty Vs. The Economy

Part 1 of Paper
..... The definition of the term adequate varies, however, with the general standard of living in a society and with public attitudes toward deprivation. No university accepted definition of basic needs exists because poverty is a relative concept. In poorer countries it means living at the brink of subsistence, while i....

Part 2 of Paper
.... living alone, the cost of the economy food plan was multiplied by higher factors in order to compensate for the larger fixed expenses of smaller households. The poverty thresholds are updated every year to reflect changes in the consumer price index but overall rises in standard of living. (levington, page 147) Another issue is that the poverty index has several flaws. First, it does not allow for regional variations in the cost of living or for higher costs in the central city are....

Number of words: 1489 - Approximate pages: 6

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