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Poverty & Unemployment- 4 Video Lecture | Indian Economy for UPSC CSE

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FAQs on Poverty & Unemployment- 4 Video Lecture - Indian Economy for UPSC CSE

1. What is the definition of poverty?
Ans. Poverty is generally defined as a state of being extremely poor, lacking the basic necessities of life such as food, clothing, and shelter. It refers to a condition where individuals or communities are unable to meet their basic needs due to a lack of resources or opportunities.
2. How is poverty measured?
Ans. Poverty can be measured in various ways, but the most commonly used method is the poverty line or poverty threshold. This threshold is determined by calculating the income needed to afford a minimum standard of living, and individuals or households whose income falls below this threshold are considered to be living in poverty.
3. What are the causes of poverty?
Ans. Poverty is a complex issue with multiple causes. Some of the main factors contributing to poverty include lack of education and skills, limited job opportunities, economic inequality, discrimination, inadequate social protection, and political instability. Additionally, factors such as natural disasters, conflicts, and poor governance can also exacerbate poverty.
4. What are the effects of poverty on individuals and society?
Ans. Poverty has far-reaching effects on individuals and society as a whole. It can lead to poor health outcomes, limited access to education, increased crime rates, social exclusion, and reduced economic productivity. Poverty also perpetuates a cycle of disadvantage, as individuals born into poverty often face limited opportunities for upward mobility.
5. How does unemployment contribute to poverty?
Ans. Unemployment is closely linked to poverty, as it represents a lack of income and economic opportunities. When individuals are unable to secure employment, they face difficulties in meeting their basic needs and are more likely to fall into poverty. Unemployment can also have long-term consequences, such as reduced earning potential and increased vulnerability to economic shocks.
139 videos|298 docs|137 tests

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