1. What is Poverty line? Give example
2. How is Poverty line measured?
3. Why poverty line differs? Explain with an example.
4. How minimum level of living is calculated?
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Answers
Explanation:
Definition of poverty: It is about a minimum subsistence level of living rather than a reasonable level of living. Wide disparities in poverty are visible between rural and urban areas and among different states. Poverty is one of the most difficult challenges faced by independent India. In fact, every fourth person in India is poor. This means, roughly 260 million (or 26 crore) people in India live in poverty. This also means that India has the largest single concentration of the poor in the world.
Explanation:
Q1) Poverty Line It is an imaginary line used by any country to determine its poverty. Poor It is person which lacks the financial resources and essential things to enjoy. Calories and Rupees fixed for rural and urban areas to measure poverty line.
For example, the statement that "those individuals who are employed and whose household equivalised disposable income is below 60% of national median equivalised income are poor" uses a relative measure to define poverty.
Q2) Poverty is measured in the United States by comparing a person's or family's income to a set poverty threshold or minimum amount of income needed to cover basic needs. People whose income falls under their threshold are considered poor. The U.S. Census Bureau is the government agency in charge of measuring poverty.
Q3) Different countries use different poverty lines because (a) The calorie requirement of different human races is different depending on their physical condition and dietary habits. Those races which have greater height and build require higher calories.