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WHAT IS ABSOLUTE POVERTY AND MEASURES OF INCOME POVERTY ARE FAVOURED BY DEVELOPMENT ECONOMISTS AND DIFFERENCE...

WHAT IS ABSOLUTE POVERTY AND MEASURES OF INCOME POVERTY ARE FAVOURED BY DEVELOPMENT ECONOMISTS AND DIFFERENCE FROM UNDP'S MULTIDIMENSION POVERTY INDEX?

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Absolute poverty refers to the total number of people living below the poverty line in a particular area. There are various measures of income poverty favored by development economists and one of them is Poverty line approach. It measures the number of people living below the poverty line in an area. The poverty line of an area is specified by the government in the country and all those people earning below that level are considered to be poor.

The UNDP's Multidimensional Poverty Index, on the other hand, considers monetray measures of poverty by taking variables other than income to compute MDI of a nation. Apart from income level, it also considers the deprivation faced by an individual.Thus, consider variables other than income but poverty line considers only income variable.

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