define poverty with contest to World Bank .Name any 4 countries which have high percentage of population below poverty.
Answers
The World Bank defines poverty in absolute terms. The bank defines extreme poverty as living on less than US$1.90 per day, and moderate poverty as less than $3.10 a day. It has been estimated that in 2008, 1.4 billion people had consumption levels below US$1.25 a day and 2.7 billion lived on less than $2 a day.
4 countries which have high percentage of population below poverty-
- Goa
- Kerala
- Himachal Pradesh
- Sikkim
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Answer:
Poverty, like all needs, is characterized in terms of the environment in which it takes place: what people can consume, and where they can live, depends on the society in which they live.
Explanation:
Poverty, as defined by World Bank, implies living below the income of $1 per day.
As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. That's why in September 2022 the international poverty line is being updated from $1.90 to $2.15 per person per day.
Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However, poverty is more, much more than just not having enough money. The World Bank Organization describes poverty in this way: “Poverty is hunger. Poverty is lack of shelter.
Based on information about basic needs collected from 15 low-income countries, the World Bank defines the extreme poor as those living on less than $1.90 a day. However, because more people in poverty live in middle-income, rather than low-income, countries today, higher poverty lines have been introduced.
Poverty is the condition of not having adequate material possessions or wages to satisfy the basic needs of an individual. Poverty can involve social, economic and political influences. Total poverty is an utter lack of the means required to satisfy basic personal needs, such as food, clothes and housing.
All those who live on less than $1.90 a day are deemed to be living below the poverty line.
(i) Nigeria
(ii) Bangladesh
(iii) India
(iv) Pakistan
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