why do all the countries in the world not have the same poverty line? state some suitable reasons.
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Explanation:
Economists will talk about a minimal welfare level. Developed countries use income to measure this notion of welfare. They define a poverty line, which is the income threshold allowing purchasing a bundle of goods giving the minimal welfare level. Everyone whose income is below the poverty line is then considered as poor.
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Explanation:
Different countries use different poverty lines because (a) The calorie requirement of different human races is different depending on their physical condition and dietary habits. Those races which have greater height and build require higher calories.
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