Economics

Do you think that present methodology of poverty estimation is appropriate? Justify your answer.


SOLUTION
No, the present methodology of poverty estimation is inappropriate because it takes into only the basic needs of fuel, clothing, etc. But the quality of these basic necessities is lowest quality available, which is not appropriate.
The amount which is fixed as a poverty line does not include the margin for price fluctuation and price rise which is constantly occurring.
The poverty line should include some correction for inflation and to take care of the market fluctuation.
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Subjective Hard Published on 16th 09, 2020
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