Two competing approaches in explaining the phenomenon of poverty inequality and solutions to overcome it are the Basic Needs Poverty Approach and the Basic Rights Poverty Approach. Critically describe the differences as well as the advantages and disadvantages of these two approaches

ENGR.ECONOMIC ANALYSIS
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Two competing approaches in explaining the phenomenon of poverty inequality and solutions to overcome it are the Basic Needs Poverty Approach and the Basic Rights Poverty Approach. Critically describe the differences as well as the advantages and disadvantages of these two approaches!

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The present period is influenced by different emergencies either on homegrown or unfamiliar scenes and the wonder of poverty is turning into its ordinary part. The Slovak Republic has a place with the nations with the most reduced danger of poverty in the European Union, however, increasingly more of its financially dynamic populace is confronted with this bothersome marvel. The paper centers around attributes of the current circumstance and portray the relationship of poverty with different markers checked at the state level, for example, joblessness or movement of the populace. Utilizing the portrayed relapse and connection examination in the methodological segment is inspected the reliance of these markers with different pointers. In light of these outcomes, the commitment distinguishes and gives openings individually ideas to advancing the current circumstance. This ascent in inequality, thus, has been overwhelmed by inequality of pre-charge, pre-move, market incomes. This implies that gaining genuine headway on pushing the poverty rate down going ahead would be helped colossally by checking or in any event, switching this development in market income inequality. Insubstantial terms, this implies we need wages to go up for those at the base and center of the income circulation.

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