Question

What is poverty line?What is the International Standard for estimating poverty line?

Answer 1

Poverty line is the level of income to meet the minimum living conditions. Poverty line is the amount of money needed for a person to meet his basic needs. It is defined as the money value of the goods and services needed to provide basic welfare to an individual.

In October 2015, the World Bank updated the international poverty line, a global absolute minimum, to $1.90 per day.

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