Disclaimer: This essay has been submitted by a student.This is not an example of the work written by our professional essay writers.Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UK Essays. All the countries around the world face the problem of poverty, but there are some countries which are poorer than others like the developing countries in Africa, Asia and Latin America.There is no one size fits all definition of the concept of poverty.The poorest people in an industrialized nation maybe well off than the average citizens in a less-developing country.The definition of poverty alternate from regions across the planet.According to the United Nations' Human Development Report 1996, the average per capita income of the poorest one-fifth of Americans was $5,814 in 1993. They point out that most poor American families own more luxury items and consumer appliances than average Europeans do (UN 1996).
There are more than one billion people in the region whose income is between one and two dollars a day.There are two types of poverty, extreme poverty or absolute poverty and relative poverty.Extreme poverty is known as destitution or absolute poverty and it could be injurious to people's health and life.In the United States, absolute poverty is traditionally defined as having an annual income that is less than half of the official poverty line (an income level determined by the Bureau of the Census).
Absolute poverty in developing nations, as defined by international organisations, like the World Bank, means having a household income of less than US $ 1.25 a day in 2005.
Relative poverty is the condition of having fewer resources or less income than the others within a society or country, or compared to worldwide averages.