wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What do we call a situtation in which a household does not have sufficient income to even meet its basic needs?

A
Relative poverty
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Per capita income
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Absolute poverty
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
National income
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Absolute poverty
Absolute poverty can be measured by looking at the consumption levels in a country. Consumption levels refer to the daily intake of food that can be expressed in terms of the amount of calories consumed by people. Absolute poverty is measured by the consumption level or calorie requirement, which stands between 2,000 calories and 2,500 calories per person per day in India.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Simple and Compound Interest
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon