Economy, asked by nikitasinghiimp287oj, 1 year ago

Define poverty line. Discuss the methods of estimating poverty line

Answers

Answered by jerri
5
hello Nikita

What is Poverty?

Poverty is a state when people dont have enough money to purchase the basic commodity to survive.

What is Poverty line?
Poverty line is a hypothetical line which is used to measure the poverty of certain economy.
In practical life there is no line of poverty, it just a . measurement tool used by indian economists to calculate the number of poors.

How it is estimated ?

A person is estimated poor or rich by its per capita income. In 2009 A committe led by Suresh Tendulkar estimated the poverty by calculating per capita income of the people of different region of India.

There is an ideal per capita income set by the GOVT, It is different for the urban area and different rate for the rural area.
A person who is under that level termed as poor and below the poverty line.

hope it helps
#jerri

Róunak: cool :)
jerri: :)
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