Explain the two estimate of poverty line
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Heya
(i)Income Method: In this method, the poverty line is estimated with the help of the minimum income required for sustainance.
(ii)Consumption method: In this method, the average calorie requirement of the person is multiplied to the current prices for the estimation of the poverty line.
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(i)Income Method: In this method, the poverty line is estimated with the help of the minimum income required for sustainance.
(ii)Consumption method: In this method, the average calorie requirement of the person is multiplied to the current prices for the estimation of the poverty line.
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Poverty line is estimated in India by daily calorie consumption . In India for rural area minimum calorie consumption is 2400 and for urban areas it is 2100
Another way to determine poverty level is by determining the social status of the person .(vulnerability and living status )
World bank has determined people who earn less than 1dollar per day are below powerty line
Another way to determine poverty level is by determining the social status of the person .(vulnerability and living status )
World bank has determined people who earn less than 1dollar per day are below powerty line
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