Poverty

The term generally refers to the poverty that an economic situation characterized by lack of adequate resources to satisfy basic human needs, where the concept of basic needs can vary from person to person and from country to country. Thus the concept of poverty open to two definitions:
In absolute poverty is defined as the percentage of population living on less than a fixed dollar amount per day. The most popular type of statistic (used by the World Bank), the percentage of population living on less than one dollar a day, at prices of 1985. Ideal level of absolute poverty is 0%. Such a definition is used more in developing countries.
Relative poverty is defined as the percentage of people in a country living on an income below a certain percentage of median income (currently 50%) in the country. That is, if the rate is 50% and the median income of $ 10,000, the poverty rate is the number of people living on less than $ 5,000 a year, divided by the total population. The definition of the percentage of median income varies from country to country. Relative poverty is the most commonly used word in the statistics of developed countries, where too often misunderstood as an indicator of absolute 'poverty.