Answer:
(i) A
poverty line is an indicator of poverty, i.e., it is a level of income which barely
meets sustenance. A common method used to measure poverty is based on the
income or consumption level.
(ii) A person is considered poor, if his or her income or consumption
level falls below a given 'minimum level' necessary to fulfil basic needs.
(iii) What is necessary to satisfy basic needs is
different at different times and in different countries.
(iv) Therefore, poverty line may vary with time and place.
Each country uses an imaginary line that is considered appropriate for its
existing level of development and its accepted minimum social norms.
(v) For example, a person not having a car in the US may
be considered poor. In India, owing of a car is still considered a luxury.
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