Poverty And Unemployment — Flashcards

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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, …

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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…

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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 …

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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…

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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.

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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 …

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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…

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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 …