Question
Distinguish between absolute poverty and relative poverty. Explain the two approaches used to measure poverty?
Answer :
Word Count : 419
Absolute poverty and relative poverty are two distinct concepts used to assess economic deprivation in a society. Absolute poverty refers to a condition where an individual or household is unable to meet the basic minimum requirements of life such as food, clothing, shelter, healthcare, and education. It is measured using a fixed threshold or poverty line, which is based on the cost of a minimum consumption basket. In India, the Planning Commission (now NITI Aayog) has used calorie-based norms to determine the poverty line, such as 2400 calories for rural areas and 2100 calories for urban areas. If a person's income or consumption falls ___ ______ _____ _________ __________ __________ ___ _________ ____ ____.
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Absolute poverty and relative poverty are two distinct concepts used to assess economic deprivation in a society. Absolute poverty refers to a condition where an individual or household is unable to meet the basic minimum requirements of life such as food, clothing, shelter, healthcare, and education. It is measured using a fixed threshold or poverty line, which is based on the cost of a minimum consumption basket. In India, the Planning Commission (now NITI Aayog) has used calorie-based norms to determine the poverty line, such as 2400 calories for rural areas and 2100 calories for urban areas. If a person's income or consumption falls ___ ______ _____ _________ __________ __________ ___ _________ ____ ____.
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