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Absolute poverty
Absolute poverty is a lack of income or consumption needed to meet a fixed minimum standard of basic needs.
Multidimensional Poverty Index (MPI)
The Multidimensional Poverty Index (MPI) is a measure developed by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) to assess poverty beyond income-based measures.
New global middle class
The new global middle class is the growing group, especially in emerging economies, whose income is above poverty levels and supports discretionary consumption.
Relative poverty
Relative poverty is income or consumption below a set proportion of the typical level in a particular society.