Poverty line may vary from place to place and time to time. Explain
Answers
Answer:
Poverty line varies with place and time. This is because in rural areas, people suffer and are also less paid compared to that of people in urban areas. ... This was an example of poverty line, varying from place to place. Previously the economic income of a village or a state was very less compared to that of now.
Explanation:
A person is considered poor, if his or her income or consumption level falls below a given 'minimum level' necessary to fulfil basic needs. What is necessary to satisfy basic needs is different at different times and in different countries. Therefore, poverty line may vary with time and place.
The poverty threshold does not vary by state, even though the cost of living in each state is very different. Each year, the poverty threshold adjusts for inflation, using the consumer price index.
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