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Standard IX
Economics
Poverty Line
The poverty l...
Question
The poverty line represents the minimum level of income required to satisfy our basic needs.
A
True
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B
False
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Solution
The correct option is
A
True
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Q.
Poverty line represents the estimated minimum amount of income required to fulfil our basic needs.
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Which of the following figures correspond to the minimum income required to satisfy basic needs as of 2011–12?
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The poverty line is measured on the basis of the income required to afford the basic commodities.
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A
is anything that can be used to satisfy our needs.
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Living wage is the bare minimum income required to get food, shelter and ______.
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