Economy, asked by rachnahrd5820, 1 year ago

why do different countries use poverty lines

Answers

Answered by ADHISUNDAR338
1

A common method used to measure poverty is best on the income or a consumption level of a person. which country use an imaginary line that is considered approximate for its existing level of development and its accepted minimum social Norms.for example a person not having a car in the United States us may be considered poor but in India owning a car is still considered a luxurious.therefore the World bank use uniform standard for the poverty line is minimum availability is $1 per person for a day but now it is converted to 1. $5 per person per day.

Similar questions