Well, there's no specific definition of poverty that I've come across. Yes, there're many depending upon the situation and rightly said by the poster above, it varies from individual to individual. Generally poverty is said to be a state whereby an individual cannot have what he wants due to an economic obstacle, i.e. one wants to have food but he doesn't have money to have such, he wants to educate his children and his financial resources are not letting him do so, etc.

One of the standard measures in Economics, The head & count ratio suggests that a person who earn income which cannot meet the daily intake of about 2350 calories per person are considered to fall below the poverty line.

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