There are two predominant definitions of poverty which explains the concept of poverty in detailed summary.

1.       There are two predominant definitions of poverty which explains the concept of poverty in detailed summary. A subsistence definition and Relative deprivation are two types of definitions of poverty among the people. This concept of subsistence is based on an estimation of the level of income necessary for buying food to fulfill the needs of survival. The cost of this food is seen as the basic cost of subsistence which when added to an allowance for basic clothing, fuel, and shelter. In this type of poverty people are socially excluded because of extreme level of poverty.