THE ECONOMICS OF POVERTY: ANALYSIS OF MINIMUM LIVING STANDARDS IN DIFFERENT COUNTRIES

The study is devoted to the analysis of minimum living standards and their differences in countries with different levels of economic development. The economic and social factors that determine the level of poverty, the subsistence minimum and the availability of basic services are considered. The influence of public policy, macroeconomic indicators and international organizations on the formation of living standards is analyzed. Particular attention is paid to the differences between developed, developing and transition economies, as well as the impact of globalization, inflation and employment structure on the level of income and the availability of social guarantees. Key strategies for reducing poverty are identified, including increasing minimum incomes, developing the labor market, reforming social policy, and modernizing the system of state benefits.