Understanding Absolute Poverty Definition
The question describes a situation where a household's income is insufficient to cover fundamental living necessities such as food, shelter, and housing. This specific condition is termed Absolute Poverty.
Key Concepts Explained
- Absolute Poverty: This is defined by a lack of essential resources necessary for basic survival. It focuses on the inability to meet fundamental needs, irrespective of the economic status of others in the society. The question's criteria—falling below the amount required for food, shelter, and housing—directly align with this definition.
- Relative Poverty: This occurs when an individual's or household's income falls significantly below the median income or average standard of living in a particular society. It's about being poor compared to others, not necessarily lacking basic survival needs.
- Generational Poverty: This refers to poverty that persists across multiple generations within the same family, often due to systemic factors and lack of opportunities passed down.
- Situational Poverty: This type of poverty is typically temporary and results from a specific event or crisis, such as job loss, illness, divorce, or natural disaster.
Based on the definition provided—income below the level required for basic living standards like food and shelter—the correct term is Absolute Poverty.
Important Questions from Unemployment & Poverty
________ arises when the qualification of a person is NOT sufficient to meet his/her job responsibilities.
Which of the following are regarded as the causes of poverty in India?
(i) Low resources endowment
(ii) Inequality in the distribution of income and assets
(iii) Lack of access to social services.
_____ unemployment attributable to the time required to match production activities with qualified resources.
In 2005, an expert group was constituted by the Planning Commission to review methodology for poverty estimation. It was chaired by ____.
______ is a kind of unemployment in which there are people who are visibly employed but are actually unemployed or not utilizing their proper skills to its maximum level.
