Question

describe how the poverty line is estimated in India?mention any three points.

class 9th
subject : Economics​

Answer 1

ᴛʜᴇʀᴇ ᴀʀᴇ ᴅɪғғᴇʀᴇɴᴛ ᴡᴀʏs ɪɴ ᴡʜɪᴄʜ ᴛʜᴇ ᴘᴏᴠᴇʀᴛʏ ʟɪɴᴇ ɪɴ ɪɴᴅɪᴀ ᴄᴀɴ ʙᴇ ᴇsᴛɪᴍᴀᴛᴇᴅ. sᴏᴍᴇ ᴏғ ᴛʜᴇᴍ ᴀʀᴇ ᴀs ғᴏʟʟᴏᴡ:

ɪɴᴄᴏᴍᴇ ᴍᴇᴛʜᴏᴅ:

ɪɴ ᴛʜɪs ᴍᴇᴛʜᴏᴅ, ᴛʜᴇʀᴇ ɪs ᴀ ᴄᴇʀᴛᴀɪɴ ᴍɪɴɪᴍᴜᴍ ɪɴᴄᴏᴍᴇ. ɪғ ᴛʜᴇ ᴘᴇʀsᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ɢᴏᴇs ʙᴇʟᴏᴡ ᴛʜɪs ʟᴇᴠᴇʟ ᴛʜᴇɴ ʜᴇ'ʜᴇʀ ᴄᴏɴsɪᴅᴇʀᴇᴅ ʙᴇʟᴏᴡ ᴛʜᴇ ᴘᴏᴠᴇʀᴛʏ ʟɪɴᴇ ᴀɴᴅ ɪᴛ ɪs ᴀssᴜᴍᴇᴅ ᴛʜᴀᴛ ʜɪs ɪɴᴄᴏᴍᴇ ɪs ɴᴏᴛ ᴇɴᴏᴜɢʜ ᴛᴏ ғᴜʟғɪʟʟ ᴛʜᴇ ʙᴀsɪᴄ ɴᴇᴇᴅs.

ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴍᴇᴛʜᴏᴅ:

ᴀ ᴍɪɴɪᴍᴜᴍ ɴᴜᴛʀɪᴛɪᴏɴᴀʟ ғᴏᴏᴅ ʀᴇǫᴜɪʀᴇᴍᴇɴᴛ ɪs ᴍᴇᴀsᴜʀᴇᴅ ᴀɴᴅ ᴇɴᴇʀɢʏ ᴏʙᴛᴀɪɴᴇᴅ ғʀᴏᴍ ᴛʜɪs ғᴏᴏᴅ ɪs ᴍᴇᴀsᴜʀᴇᴅ ɪɴ ᴄᴀʟᴏʀɪᴇs. ɪғ ᴛʜᴇ ᴄᴀʟᴏʀɪᴇs ʀᴇǫᴜɪʀᴇᴍᴇɴᴛ ɪs ɴᴏᴛ ғᴜʟғɪʟʟᴇᴅ ᴛʜᴇɴ ᴛʜᴇ ᴘᴇʀsᴏɴ ɪs ᴄᴏɴsɪᴅᴇʀᴇᴅ ᴛᴏ ʙᴇ ʙᴇʟᴏᴡ ᴛʜᴇ ᴘᴏᴠᴇʀᴛʏ ʟɪɴᴇ.

ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴍᴇᴛʜᴏᴅs:

ɪɴ ᴛʜɪs ᴍᴇᴛʜᴏᴅ, ᴛʜᴇ ᴘᴏᴠᴇʀᴛʏ ʟɪɴᴇ ɪs ᴇsᴛɪᴍᴀᴛᴇᴅ ʙʏ ᴜsɪɴɢ ᴛʜᴇ ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴏғ ᴛʜᴇ ᴘᴇʀsᴏɴ ᴀs ᴀ ᴍɪɴɪᴍᴜᴍ ʟᴇᴠᴇʟ ᴏғ ғᴏᴏᴅ ʀᴇǫᴜɪʀᴇᴍᴇɴᴛ, ᴄʟᴏᴛʜɪɴɢ, ғᴏᴏᴛᴡᴇᴀʀ, ᴇᴛᴄ.