22_08_09

Poverty and unemployment

 Poverty and unemployment 

Poverty

 Poverty is a condition of economic and social deprivation in which a person is unable to fulfill his basic needs (food, clothing and housing). 


 

According to Professor Amartya Sen, poverty is the lack of capabilities.  Amartya Sen has given the concept of Real Poverty.  They believe that monetary income has an important role in removing poverty, but it is only a tool, which depends on certain conditions and circumstances. 

 As the individual is rational, the society is progressive, there are no natural calamities etc.  According to the United Nations Development Program (UNDP), poverty is multidimensional.  In this context, a Multidimensional Poverty Index (MPI) has been released by it.  In this index, 10 parameters related to education, health and standard of living have been used.