poverty

poverty definition - business

poverty

The economic state of an individual or family deemed too poor to afford a minimal standard of living. The formal definition of poverty is a function of annual income compared to family size and age composition.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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