Economy, asked by janvi10, 1 year ago

why is it necessary to revise poverty line form time to time

Answers

Answered by ManishaSahu
1
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

janvi10: thanx a lot
Answered by rastogivini79p9ugph
0

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