Pros And Consequences Of Poverty

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Poverty is defined as a condition where the people does not meet there basic necessities of life or does not have the meagre necessities, i.e., mainly, food, clothing and shelter. The World Bank (2000), defines poverty as’ pronounced deprivation in well-being’. This definition pops up the idea of well – being. One approach is to think of ones well-being as the command over commodities or the command over resources and also if a person is better off over that or not. In this view, the main focus is on whether households or individuals have enough resources to meet their basic needs. Poverty is then measured by comparing an individual’s income or consumption with some defined limit below which they are considered to be poor. A second approach to well-being (and hence poverty) is to ask whether people are able…show more content…
In the pre – reform period there was a reduction in poverty because of mainly because of the Green Revolution. The Post Reform period also exhibits a reduction in poverty for meanwhile because of the policy introduced by Indira Gandhi which is ‘Garibi Hatao’ along with other programmes like, Integrated Rural development programmes, National Rural employment programme which mainly focus on the rural poor and providing them with basic needs. (Ninan 1994; 1995-1996).But there was a decline in the growth and increase in poverty in the post reform period than the pre reform period. There are two types of poverty:- 1. Absolute poverty: - This measure is defined as when people do not have the minimum standards of living and is measured commonly by the median income that is 50%. 2. Relative poverty: - In this the low income family group are still better off but still they will be considered poor unless there income or consumption rose more than the median level of the society as a

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