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A person is considered poor if his or her income or consumption level falls below a given __________ necessary to fulfill basic needs.
Correct answer is 'Minimum level'. Can you explain this answer?
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A person is considered poor if his or her income or consumption level...
A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs. While determining the poverty line in India, a minimum level of food requirement, clothing, footwear, fuel and light, educational and medical requirement etc.
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A person is considered poor if his or her income or consumption level...
Minimum Level as the Threshold for Poverty

In economics, poverty is defined as a state of deprivation or lack of basic human needs. A person or household is considered poor if their income or consumption level falls below a certain threshold necessary to fulfill their basic needs. The term "minimum level" refers to the point below which a person's income or consumption is insufficient to meet their basic needs.

Factors Affecting Minimum Level

The minimum level of income or consumption necessary to fulfill basic needs can vary depending on a variety of factors, including:

1. Geographic location: The cost of living differs from place to place, and the minimum level required to meet basic needs will vary accordingly.

2. Family size: Larger families typically require more resources to meet their basic needs.

3. Age: Children and elderly adults may require additional resources for healthcare, education, and other basic needs.

4. Socioeconomic status: The minimum level of income or consumption necessary to fulfill basic needs is likely to be higher for people with disabilities or other special needs.

Implications of Not Meeting Minimum Level

If a person's income or consumption level falls below the minimum level necessary to fulfill basic needs, they may experience a range of negative consequences, including:

1. Poor health outcomes: Inability to afford medical care or nutritious food can lead to poor health outcomes.

2. Reduced educational opportunities: Inadequate resources can limit access to quality education.

3. Housing insecurity: A lack of resources can make it difficult to secure stable housing.

4. Limited access to basic services: Insufficient income or consumption can limit access to transportation, communication, and other basic services.

Conclusion

In conclusion, the minimum level of income or consumption necessary to fulfill basic needs is an important concept in understanding poverty. It is used as a threshold to determine whether a person or household is considered poor. The minimum level can vary depending on a range of factors, and failing to meet it can have significant negative consequences.
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Read the text given below and answer the following questions:In our daily life, we come across many people who we think are poor. They could be landless labourers in villages or people living in overcrowded jhuggis in cities. They could be daily wage workers at construction sites or child workers in dhabas. They could also be beggars with children in tatters. We see poverty all around us. In fact, every fourth person in India is poor. This means, roughly 270 million (or 27 cror e) people in India lived in poverty in 2011-12. This also means that India has the largest single concentration of the poor in the world. Since poverty has many facets, social scientists look at it through a variety of indicators. Usually the indicators used relate to the levels of income and consumption. A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs. What is necessary to satisfy basic needs is different at different times and in different countries. Therefore, the poverty line may vary with time and place. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms. The proportion of people below the poverty line is also not the same for all social groups and economic categories in India. In poor families all suffer, but some suffer more than others. Women, elderly people and female infants are systematically denied equal access to resources available to the family. Therefore women, children (especially the girl chil d) and old people are the poorest of the poor.Q. Poverty is looked at through other social indicators like

Read the text given below and answer the following questions:In our daily life, we come across many people who we think are poor. They could be landless labourers in villages or people living in overcrowded jhuggis in cities. They could be daily wage workers at construction sites or child workers in dhabas. They could also be beggars with children in tatters. We see poverty all around us. In fact, every fourth person in India is poor. This means, roughly 270 million (or 27 cror e) people in India lived in poverty in 2011-12. This also means that India has the largest single concentration of the poor in the world. Since poverty has many facets, social scientists look at it through a variety of indicators. Usually the indicators used relate to the levels of income and consumption. A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs. What is necessary to satisfy basic needs is different at different times and in different countries. Therefore, the poverty line may vary with time and place. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms. The proportion of people below the poverty line is also not the same for all social groups and economic categories in India. In poor families all suffer, but some suffer more than others. Women, elderly people and female infants are systematically denied equal access to resources available to the family. Therefore women, children (especially the girl chil d) and old people are the poorest of the poor.Q. In economic groups, the most vulnerable groups are

Read the text given below and answer the following questions:In our daily life, we come across many people who we think are poor. They could be landless labourers in villages or people living in overcrowded jhuggis in cities. They could be daily wage workers at construction sites or child workers in dhabas. They could also be beggars with children in tatters. We see poverty all around us. In fact, every fourth person in India is poor. This means, roughly 270 million (or 27 cror e) people in India lived in poverty in 2011-12. This also means that India has the largest single concentration of the poor in the world. Since poverty has many facets, social scientists look at it through a variety of indicators. Usually the indicators used relate to the levels of income and consumption. A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs. What is necessary to satisfy basic needs is different at different times and in different countries. Therefore, the poverty line may vary with time and place. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms. The proportion of people below the poverty line is also not the same for all social groups and economic categories in India. In poor families all suffer, but some suffer more than others. Women, elderly people and female infants are systematically denied equal access to resources available to the family. Therefore women, children (especially the girl chil d) and old people are the poorest of the poor.Q. Who among the following in poor families suffer more than others?

Read the text given below and answer the following questions:In our daily life, we come across many people who we think are poor. They could be landless labourers in villages or people living in overcrowded jhuggis in cities. They could be daily wage workers at construction sites or child workers in dhabas. They could also be beggars with children in tatters. We see poverty all around us. In fact, every fourth person in India is poor. This means, roughly 270 million (or 27 cror e) people in India lived in poverty in 2011-12. This also means that India has the largest single concentration of the poor in the world. Since poverty has many facets, social scientists look at it through a variety of indicators. Usually the indicators used relate to the levels of income and consumption. A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs. What is necessary to satisfy basic needs is different at different times and in different countries. Therefore, the poverty line may vary with time and place. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms. The proportion of people below the poverty line is also not the same for all social groups and economic categories in India. In poor families all suffer, but some suffer more than others. Women, elderly people and female infants are systematically denied equal access to resources available to the family. Therefore women, children (especially the girl chil d) and old people are the poorest of the poor.Q. What does poverty mean?

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A person is considered poor if his or her income or consumption level falls below a given __________ necessary to fulfill basic needs.Correct answer is 'Minimum level'. Can you explain this answer?
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