Economy, asked by amarkandasamy2307, 3 days ago

explain the jail cost of living

Answers

Answered by kavitha2057
5

Answer:

Jail cost of living' was a criteria formulated by Dadabhai naroji to determine the minimum daily food requirements of an adult in India. He used the menu of a prisoner and calculated its cost according to its prevailing market prices.

Answered by adithyakrishnan6137
0

Answer:

Dadabahi Naoroji discussed the concept of poverty line for the first time. He calculated poverty line based on the adult jail cost of living. He used the menu for a prisoner and used appropriate prevailing prices to arrive at adult jail cost of living. He then adjusted the cost to account for children inflicted with poverty, and accordingly arrived at the poverty line.

According to his calculations, poverty line corresponds to 3/4th of the adult jail cost of living.

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