How does poverty line changes from time and place?
Answers
Poverty line is the most suitable measure of poverty. It measures poverty on the basis of income or consumption levels of people living in a particular region. It stipulates a minimum level of income or consumption level that is required for a decent living. Those earning less than that or consuming lower than the minimum amounts are considered to be living below the poverty line. Poverty line varies with time and place, owing to the different requirements of the people living at different places and in different countries.
Poverty can be measured by :
Defining welfare measures
Choosing and estimating poverty lines
Choosing and estimating poverty indicators
A person is considered poor if the income or consumption level of a person falls below a given minimum level necessary to fulfil basic needs. Basic needs are different at different countries and different time. That is why, poverty line may vary with time and place. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms. Thus, it can be concluded that poverty line may vary with time and place.