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Answers
1) The poverty line, which is also sometimes called the poverty threshold, is the smallest amount of money a person or a family needs to live on; to buy what is needed and is a line which is a gulf between the rich and the poor. ... There is a poverty line based on the income and another based on consumption levels.
2) In India inequality of income is calculated based on the data on consumption distribution (provided by NSSO) and income tax data. ... Gini index in India was 33.4 in 2011-12 which points to an alarming magnitude of inequality in India.
3) Increase the minimum wage. ...
Expand the Earned Income Tax. ...
Build assets for working families. ...
Invest in education. ...
Make the tax code more progressive. ...
End residential segregation.
ITS A AMOUNT OF MONEY WHICH A FAMILY NEEDS TO FULFILL THEIR NEED IS CALLED A POVERTY LINE
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