Wednesday, February 5, 2014

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Poverty

Definition
A situation in which a person or household lacks the resources necessary to be able to consume a certain minimum basket of goods. The basket consists either of food, clothing, housing and other essentials (moderate poverty) or of food alone (extreme poverty).The most common method used to define poverty is income-based.

Poverty Condition in Pakistan
Poverty has been one of the biggest problems that Pakistan faces today. It is rightly said that poverty anywhere is a threat to prosperity everywhere. Nearly 60 per cent of the population of Pakistan lives in villages. According to an analysis, poverty has increased roughly from 30% to 40% during the past decade. It means that 40 per cent of the country’s population is earning their livelihood below the poverty line. In such condition people are depressed of their basic necessities of life. Proper education and medicine are becoming distant from them. They are forced to think of their survival only of due to poverty and unemployment, parents instead of sending their children to schools, prefer child labor for them. They make them do so to support their family and use them as earning hands from the early age.

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