Several studies on poverty show that passive development of labour poverty, low economic growth and less investment on social development by the Sates are some of the critical reasons for this chronic problem. Poverty and vulnerability are complex issues, whose thorough understanding is crucial in order to inform pro-poor and efficient policy approaches. This study aimed to contribute to such an understanding by exploring livelihood situations of poor communities and households, and by considering their perceptions of their own situations. Also an attempt has been made here to draw an attention of intellectuals and policymakers regarding current meaning of the term poverty and evaluation of reasons for the existence of this problem in third world countries. It is obvious from the multiple dimensions poverty may appear in that there is no singular way to tackle these issues, but that there is need to apply multiple strategies, which are to be carried out and coordinated by several actors.