pov·er·ty
ˈpävərdē/
noun

the state of being extremely poor.
"thousands of families are living in abject poverty"
synonyms: penury, destitution, pauperism, pauperdom, beggary, indigence, pennilessness, impoverishment, neediness, need, hardship, impecuniousness

"abject poverty"
the state of being inferior in quality or insufficient in amount.
"the poverty of her imagination"
synonyms: scarcity, deficiency, dearth, shortage, paucity, insufficiency, absence, lack
the renunciation of the right to individual ownership of property as part of a religious vow.