Question

__________ poverty, previously defined as a condition in which people do not have the means to secure the most basic necessities of life, is measured by comparing personal or household income or expenses with the cost of buying a given quantity of goods and services.

Answer 1

Answer: A condition in which people do not have the means to secure the most basic necessities of life is called:

Collective Poverty.

Explanation: Collective poverty is associated with a group of people that have insufficient means of acquiring basic needs which can be passed from generation to generation. This is due to the state of the economy of the country those individuals are present in.