What is the traditional meaning of poverty?ORWhat is Income poverty? W

1.	What is the traditional meaning of poverty?ORWhat is Income poverty? What are its limitations?
Answer» The traditional meaning of poverty (income poverty): When a certain minimum level of per capita consumption and expenditure is required to decide the minimum basic needs of people it is known as poverty line. All the people who are earning and spending below this poverty line are known as poor. Thus, the traditional definition of poverty defines poverty on the basis of a person’s income. Limitation: The limitation of income based poverty is that it only reflects one aspect i.e. income. Income alone cannot be a sole measure of poverty. There are other aspects like education, clothes, housing, drinking water, sanitation, etc. which reflect an overall picture of poverty.

What is the traditional meaning of poverty?ORWhat is Income poverty? What are its limitations?

Answer»

The traditional meaning of poverty (income poverty):

When a certain minimum level of per capita consumption and expenditure is required to decide the minimum basic needs of people it is known as poverty line. All the people who are earning and spending below this poverty line are known as poor.
Thus, the traditional definition of poverty defines poverty on the basis of a person’s income.
Limitation:
The limitation of income based poverty is that it only reflects one aspect i.e. income.
Income alone cannot be a sole measure of poverty. There are other aspects like education, clothes, housing, drinking water, sanitation, etc. which reflect an overall picture of poverty.