Question

How does the poverty line change in time and place

Answer 1

Hi friend
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Your answer
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♦ POVERTY LINE
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It is an imaginary value of money needed to meet the basic demands of a person. It is determined by governments of different countries in accordance with minimum price of commodities and social norms and the present level of development in that country.

♦ WHY IT DIFFERS?
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Poverty line can be different in different countries according to the level of development of the country

For example

=> Not owning a car in America can be considered as a sign of poverty.

=> But, owning a car in India is still a luxury.

HOPE IT HELPS

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