what is poverty line ?
Answers
Explanation:
Poverty line:-
Poverty line refers to that line which expresses per capita average monthly expenditure that is essentially required by the people to satisfy their minimum needs.
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Answer:
The poverty threshold, poverty limit, poverty line or breadline,
[1] is the minimum level of income deemed adequate in a particular country.
[2] Poverty line is usually calculated by finding the total cost of all the essential resources that an average human adult consumes in one year.
[3] The largest of these expenses is typically the rent required for accommodation, so historically, economists have paid particular attention to the real estate market and housing prices as a strong poverty line affect.
[4] Individual factors are often used to account for various circumstances, such as whether one is a parent, elderly, a child, married, etc. The poverty threshold may be adjusted annually.
Explanation:
Definition of poverty line
: a level of personal or family income below which one is classified as poor according to governmental standards
— called also poverty level
Examples of poverty line in a Sentence:
Economic inequality has reached extreme levels in Nigeria, according to the United Nation Human Rights Commission, while Oxfam reported that in 2019 close to 70% of the country's population lives below the poverty line.
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