Question

Answer the following questions in brief : 1) Explain income concept of poverty. ​

Answer 1

Explanation:

An individual (or a household) is considered to be poor when living in a household where the standard of living is below the poverty line. ... In the approach in relative terms, the poverty line is indeed determined in relation to the distribution of the standards of living in the whole population.

Answer 2

Answer:

An individual (or a household) is considered to be poor when living in a household where the standard of living is below the poverty line. The INSEE, like EUROSTAT, measures monetary poverty in a relative manner whereas other countries (such as the United States and Canada) adopt an absolute approach

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