what is the concept of poverty line ? how is it estimated and may vary from time to time and place to place
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Answers
Answer:
The concept of poverty varies from country to country because income or consumption level falls below a given minimum level necessary to fulfill 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.
Answer:
A poverty line is an indicator of poverty, z’.e., it is a level of income which barely meets sustenance. A common method used to measure poverty is based on the income or consumption level.
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. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms.
For example, a person not having a car in the US may be considered poor. In India, owing of a car is still considered a luxury.
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