Poverty is a state of lacking sufficient material possessions or resources necessary for a minimum standard of living. It encompasses inadequate access to essentials like clothing, healthcare, education, shelter, food, clean water, and sanitation. There are various forms of poverty, including absolute, chronic, urban, relative, gender, rural, multidimensional, and child poverty. To eradicate poverty, a multifaceted approach is required, involving healthcare, sustainable economic opportunities, investment in education, fair trade, social safety nets, addressing inequalities, and collaboration between NGOs and governments.