how does poverty line changes with time and place
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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.
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(i) A person is considered poor if his or her income or consumption level falls below a given 'minimum level' necessary to fulfil basic needs.
(ii) What is necessary to satisfy basic needs is different at different times and in different countries.
(iii) Therefore, 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.
(iv) For example, a person not having a car in the US may be considered poor. In India, owning a car is still considered a luxury.
(ii) What is necessary to satisfy basic needs is different at different times and in different countries.
(iii) Therefore, 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.
(iv) For example, a person not having a car in the US may be considered poor. In India, owning a car is still considered a luxury.
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