Poverty And Unemployment
Telangana Open School (TOSS) · Class 12 · Economics
Flashcards for Poverty And Unemployment — Telangana Open School (TOSS) Class 12 Economics. Quick Q&A cards covering key concepts, definitions, and formulas.
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What is poverty?
Answer
Poverty is a socio-economic condition where individuals lack the financial resources to meet basic needs like food, clothing, and shelter. It can also include lack of access to education, healthcare, …
Define absolute poverty.
Answer
Absolute poverty refers to the condition where a person cannot afford the minimum consumption of food, clothing, and shelter required for survival. In India, it is measured by calorie intake—2,400 cal…
What is relative poverty?
Answer
Relative poverty refers to inequality in income and standard of living compared to others in society. A person may have basic needs but is still considered poor relative to wealthier individuals. For …
What is the poverty line?
Answer
The poverty line is a threshold used to determine who is poor based on income or consumption. In India, it is calculated by the NITI Aayog using data from the National Sample Survey Office. For exampl…
What was the poverty line in urban areas as per the Rangarajan Committee (2011-12)?
Answer
According to the Rangarajan Committee (2011-12), a person spending less than ₹1,407 per month (or ₹47 per day) in urban areas is considered poor.
How does colonial rule contribute to poverty in India?
Answer
British colonial rule exploited India’s resources, destroyed local industries, and exported raw materials cheaply. This weakened the economy, reduced employment, and left long-term structural poverty …
Explain how population growth leads to poverty.
Answer
Rapid population growth increases pressure on limited resources like land and jobs. It leads to land fragmentation, lower per capita income, and higher dependency ratios, making it harder for families…
How does inflation affect poverty?
Answer
Inflation, especially in food prices, increases the cost of basic necessities. Poor families spend a large portion of their income on food, so rising prices push them further into poverty by reducing …
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