Merriam-Webster defines poverty as ‘the state of being poor.’ While this definition seems simple enough, defining poverty as it applies to our world in 2015 is not quite so cut and dry.
The World Bank adjusted its definition of extreme poverty this year by increasing the benchmark of daily expenditure. In 1990, it set the threshold at $1 a day, and that was raised to $1.08 in 1993 ...
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