Question

• Explain the modern approach of poverty. ​

Answer 1

Answer:

Traditionally, poverty has been defined in terms of just income. It refers to a state when one does not have sufficient income to maintain a basic standard of living. The modern definition is broader. It refers to the inability of having choices and opportunities.

Explanation:

Traditionally, poverty has been defined in terms of just income. It refers to a state when one does not have sufficient income to maintain a basic standard of living. The modern definition is broader. It refers to the inability of having choices and opportunities.

Laderchi et al. (2003) underscored four main approaches to poverty definition and measurement: monetary poverty, capability poverty, social exclusion poverty, and participatory poverty approaches.

There are two common methods to estimate the poverty line. They are: Income method: As per administration guidelines if the salary of an individual is under the prescribed levels which are 40500 to 49000 in pastoral areas and 51500 to 60000 in metropolitan cities then the person is deemed to be poor.

Answer 2

Explanation:

Traditionally, poverty has been defined in terms of just income. It refers to a state when one does not have sufficient income to maintain a basic standard of living. The modern definition is broader. It refers to the inability of having choices and opportunities.

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