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What is Understanding Poverty and Its Measures about?
Poverty can be defined and measured in several ways: 1. Absolute poverty looks at a minimum level of income required for basic needs like food and shelter. The World Bank uses $1.90 per day as an international poverty line. 2. Relative poverty compares income levels within a society to determine inequality. 3. India estimates poverty based on consumption expenditure data and sets rural and urban poverty lines. Recent estimates put these at Rs. 972 and Rs. 1407 per month. 4. Approaches include the basi
- Author
- neha
- Language
- EN