Evaluate the performance of planning in removing poverty and inequality
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Answer:
People around the world care about how economic resources are distributed, concerns which have been heightened in the aftermath of the financial crisis (e.g. ‘occupy wall-street’) and by recent geopolitical changes (e.g. the Arab spring). Practices differ, however, when it comes to translating these concerns into specific measures, with differences in terms of the metric used (household disposable income, consumption, or physical measures of people’s material deprivation), whether the focus is on the low-end of the distribution or on overall inequalities, and whether the threshold used to assess low consumption possibilities is either absolute (and common across countries) or relative (and specific to the conditions of each country). Recently, multidimensional poverty measures have been developed that communicate a lot of information succinctly. Such measures can focus on households that are deprived in several indicators at the same time, for example malnutrition, child mortality, lack of education, and lack of access to basic services such as water, sanitation and electricity.
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Answer:
The initial level of inequality affects the poverty reducing capacity of growth, as a more equitable distribution of income and assets provides the poor with more means and opportunities to improve their standard of living. ... Sustained poverty reduction is only possible when national income is rising.
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