whether households or individuals have enough resources to meet their needs. Narrow definitions of well-being are typically linked to commodities, i.e. It can be defined narrowly or more broadly, depending on how well-being is understood. 1) as a ‘pronounced deprivation in well-being’. Poverty is defined by the World Bank ( Haughton and Khandker, 2009, p. Vulnerability to poverty is the probability or risk of being in poverty or falling into poverty in the future.The chronically poor are poor for years at a time or even their whole lives.The transiently poor move in and out of poverty.Multidimensional poverty recognises the many different ways in which people can be deprived. Shelter poverty, food poverty, asset poverty, time-poverty or health poverty refer to lack of that specific good.Relative poverty is set in relation to others.Absolute poverty is poverty below a set line of what is required to access minimum needs for survival.Income or consumption poverty refers to lack of monetary resources to meet needs.Poverty is a pronounced deprivation in well-being.
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