why is it necessary to revise poverty line form time to time
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Because of the change in inflation rates and cost of living, poverty line needs to be changed regularly. Someone who had 10/- in his pocket while walking on the street in 1900 was rich. Today, it gets you only a candy bar.
Turbulent and ever changing economic conditions like competition, availability of basic necessities, rate of subsidies etc need revision of poverty line.
hope this helps
Turbulent and ever changing economic conditions like competition, availability of basic necessities, rate of subsidies etc need revision of poverty line.
hope this helps
janvi10:
thanx a lot
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