Conceptual approaches to poverty study

The article examines the basic concepts of "poverty" that scientists have raised since the 18th century, where poverty can be observed as a positive phenomenon, which manifested itself in the stimulating development of the economy, to the modern problem of society, which is reflected in the low standard of living of the population. Three approaches to the definition of poverty are considered: absolute, where the poor are citizens with incomes below the minimum subsistence level; relative, citizens with insufficient resources to ensure the living conditions generally accepted in society; subjective, based on respondents' assessments of their material condition.