the concept of poverty was first propounded by(ilo,who,imf)
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Answer:
One of the earliest estimations of poverty was done by Dadabhai Naoroji in his book, 'Poverty and the Un-British Rule in India'. He formulated a poverty line ranging from Rs 16 to Rs 35 per capita per year, based on 1867-68 prices.
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Answer:
Dadabhai Naoroji was the first to introduce the idea of poverty.
Explanation:
- In India, poverty is ingrained deeply. It became even worse throughout the 200 years that Britain ruled.
- Following independence, a number of initiatives to combat poverty have been introduced through Five-Year Plans.
- The phrase "poverty line" was initially used prior to independence by Dadabhai Naoroji.
- Dadabhai Naoroji determined the poverty limit using the "prison cost of living" calculation.
- In his book, "Poverty and the Un-British Rule in India," Dadabhai Naoroji produced one of the earliest estimates of poverty. Based on prices in 1867–1868, he created a poverty level that ranged from Rs 16 to Rs 35 per capita per year.
- Poverty was also a goal of the Planning Commission's Task Force on Projections of Minimum Needs and Effective Consumption Demand, which was established in 1979.
- Additional classifications of poverty include the terms "absolutely poor," "extremely poor," and "poor." Another classification is based on criteria like being perpetually poor, typically being poor, chronically being poor, churning poverty, etc.
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