• It is commemorated on 17^th October annually.
• This commemoration reflects the willingness of people living in poverty to use their expertise to contribute to the eradication of poverty.
• This day presents an opportunity to acknowledge the efforts and struggles of people living in poverty.
• Theme 2024: Ending Social and Institutional Maltreatment Acting together for just, peaceful and inclusive societies.

About Poverty

• It is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.
• It means that the income level from employment is so low that basic human needs can't be met.
• It leads to insecurity, poor living conditions and powerlessness.
• Types of Poverty
  • Absolute Poverty: A condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing).
  • Relative Poverty: It is defined from the social perspective that is living standard compared to the economic standards of population living in surroundings.
• Causes of Poverty
  • Population Explosion
  • Low Agricultural Productivity
  • Inefficient Resource Utilization
  • Low Rate of Economic Development
  • Price Rise
  • Unemployment
  • Lack of Capital and Entrepreneurship
  • Colonial Exploitation