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Poverty Vs. The Economy
Beginning of paper
Poverty is a lack of goods and services necessary to maintain a
minimal adequate standard of living. The definition of the term adequate varies,
however, with the general standard of living in a society and with public
attitudes toward deprivation. No university accepted definition of basic needs
exists because poverty is a relative co .... Middle of paper
.... therefore, set at three times
the cost of the economy food plan. For smaller families and persons living
alone, the cost of the economy food plan was multiplied by higher factors in
order to compensate for the larger fixed expenses of smaller households. The
poverty thresholds are updated every year to reflect changes in the consumer
price index but overall rises in standard of living. (levington, page 147)
Another issue is that th ....
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Number of words: 1489
Number of pages: 6 (approx. 250 words per double-spaced page)
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