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What does poverty mean?

Looking for the meaning or definition of the word poverty? Here's what it means.

Noun
  1. The quality or state of being poor or indigent; want or scarcity of means of subsistence; indigence; need.
  2. Any deficiency of elements or resources that are needed or desired, or that constitute richness
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Examples
And yet, despite the poverty staring them in the face, generosity and hospitality from the most unexpected quarters have overwhelmed them.
Grant did not affect the mock shock of someone who has experienced abject poverty first-hand for the first time on any of her trips.
But many economists believe that relative poverty rather than absolute standards is what matters.
The mere accumulation of national wealth is not sufficient to deal with poverty as a health risk.
This was intimately tied to their notion that the way out of poverty was via waged work.
In the midst of luxury, abundance, and indeed waste, what can be our proper response when confronted with the poverty Kapuscinski describes?

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