World poverty

  

Poverty is the state of one who lacks a certain amount of material possession or money. Absolute poverty means basic humans needs such as food, water, clothing, place, education, and shelter. Furthermore, relative poverty refers to economics inequality in the location or society in which people live.

   Poverty was considered largely unavailable as traditional modes of productions were insufficient to give an etire population a comfortable standard of living. There are many poverty facts and stats. For example more than 80 percebt of the world's population lives in countries where income differentials and widening. Other than that, the poorest 40 percent is the world's population accounts for 5 percent of global income. The richest 20 percent account for three quater of world income.

   Thus, poverty education is a major goal and issue for many international organizations such as the United Nations and the World Bank. The World Bank estimated 1.29 billion people were living in absolute poverty in 2008. Of these, about 400 million people in absolute poverty lived in India aand 173 mllion people in China.  In terms of percentage of regional populations, sub-Saharan Africa at 47 percent had the highest incidence rate of absolute poverty in 2008. Between 1990 and 2010, about 663 million people moved above the absolute poverty level. Still, extreme poverty is a global challenge; it is observed in all parts of the world, including developed economies.