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When reference is made to the poverty line, it means the specific amount of income needed for a basic standard of living.
The poverty line is the extent of profits to satisfy the minimal dwelling situations. The poverty line is the quantity of cash wanted for a person to meet his simple needs. it is defined as the monetary value of the products and services needed to provide basic welfare to a person.
Comparisons of high and low earnings raise two special problems: economic inequality and poverty. Poverty is measured through the number of people who fall underneath a certain stage of earnings—referred to as the poverty line—that defines the earnings wished for a basic standard of living.
A poverty trap refers to a monetary system wherein it is difficult to escape poverty. A poverty trap isn't simply the absence of economic manner. it is created due to a mix of things, which include access to schooling and healthcare, working together to keep an individual or own family in poverty.
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