Question

describe different monetoy measure of poverty​

Answer 1

Answer:

The monetary approach to measuring poverty is the most commonly used. It uses calculations of household income (including own production and expenditures per capita) to identify a shortfall in consumption (or income) from a specified poverty line.

Answer 2

Answer:

important aspects of poverty cannot be measured in monetary terms – in fact, to successfully address poverty, we need to measure it in all its facets.