Question:

When a person cannot meet a minimum level of living standards compared to others in the same time and place, it is called :

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Inability to meet a minimum standard of living relative to others in the same society is the definition of poverty.
Updated On: Nov 12, 2026
  • Poverty
  • Abundance
  • Adequacy
  • Luxury
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The Correct Option is A

Solution and Explanation

Poverty is the condition in which a person or household lacks the resources to meet a minimum acceptable standard of living in a given time and place.
Abundance means plenty, adequacy means being enough, and luxury means excess comfort; none of these describe a lack of minimum living standards.
Hence the term is poverty.
Answer: (1) Poverty
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