Poverty is lack of freedom and being powerless. Wealth is having too much freedom to do anything and having a higher power. In this society people are put in to two groups by measuring how much money they have.
Economists measure wealth and poverty in several ways. The three most common measures are income, assets (meaning accumulated wealth in the form of money, securities, and real estate), and socioeconomic metrics. ... That's because income inequality is really the underlying issue in poverty, especially in developed nations.
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Poverty is lack of freedom and being powerless. Wealth is having too much freedom to do anything and having a higher power. In this society people are put in to two groups by measuring how much money they have.
Economists measure wealth and poverty in several ways. The three most common measures are income, assets (meaning accumulated wealth in the form of money, securities, and real estate), and socioeconomic metrics. ... That's because income inequality is really the underlying issue in poverty, especially in developed nations.