The crucial definition, from the existential point of view of what is poverty, it is denied freedom. When someone lives in poverty they are denied in developing they own natural talent in order to improve their standard of living. I feel that is the most valid definition that is used a lot by economist who specialized in this field: you have the capacity, you were born with capacity to better yourself, but the opportunities are very limited and as they are limited you cannot develop your skill and this will permanently deny you of freedom.
Source: www.atinachile.cl/node/1587
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