Poverty economy

Poverty is one of the main issues on the global agenda and is a multidimensional issue. This is a factor that remains elusive and central to the study of production, distribution and consumption of resources in society. The measurement and conceptualization of poverty was considered in academic circles as a subject of controversy. The article will focus on approaches to money metrics and their importance for income and consumption. In addition, the article will argue the potential-based approach for cash income and consumption.