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Poverty Vs. The Economy
Beginning of paper
Poverty is a lack of goods and services necessary to maintain a
minimal adequate standard of living. 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 ....
Middle of paper
....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 areas, where many of the poor are concentrated. Secon.... |
| Word count: 1489 |
Page count: 6 |
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