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The United Nations defines poverty in two ways:
Absolute poverty is severe depravation, hunger, early death, and suffering. Absolute poverty is used to measure poverty statistics in Least Developed Countries like Latin America, Africa and Asia.
Relative poverty is the measurement of resources and living conditions in on area of a population compared to other areas of a population. Relative poverty is used to measure poverty statistics in highly industrialized and developed countries such as the U.S., Canada and Australia. |