What is the concept of poverty line? How does it vary with time and place?
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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.
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A common method used to measure poverty is based on the income or consumption levels. A person is considered poor if his or her income or consumption level falls below a given "consumption level" necessary to fulfill the basic needs. Poverty Line can vary in different countries as following :A person with a car is said to be above the poverty line and who don't have car is considered to be below the poverty line whereas in India car is a luxury
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