Question

1.      In your opinion, what would be the determining factor in setting a poverty threshold? Why?

1.      In your opinion, what would be the determining factor in setting a poverty threshold? Why?

Homework Answers

Answer #1

Poverty threshold is a concept that set the minimum required income to live a normal life to satisfy one’s needs such as food, shelter and education etc. Individuals and families have different threshold limits and it also differs from country to country. Developed countries have set a limit considering a standard of everything people could get as part of the basic things. In developing and underdeveloped countries, it’s all about the food. If they are able to have three meals a day, they are considered to be above the poverty line.

Poverty should include one’s ability to achieve both material and intellectual properties such as food, shelter, clothing, education, medical facilities, transportation etc. Limiting it to only food is not a good idea. If we take the developed countries most of the things such as education, housing and medicine are provided by the government. If the government doesn’t provide it and asks its citizens to pay for these facilities, then most of the people will be in poverty. So, governments should think of empowering their citizens to increase their earning potential and at the same time keep the prices down. Only then measuring poverty and setting poverty threshold will be realistic.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1.What are the problems with setting a poverty line in a poor country?
1.What are the problems with setting a poverty line in a poor country?
How is the poverty threshold determined? Is this a good measure of who is actually poor?...
How is the poverty threshold determined? Is this a good measure of who is actually poor? What groups are overrepresented amongst those in poverty? Why are single mothers overrepresented amongst those in poverty? What policies are currently available to help those in poverty? Are these policies effective?
Share your opinion about DNR. Would you grant it to yourself? Why? Why not?
Share your opinion about DNR. Would you grant it to yourself? Why? Why not?
(1) What is the “culture of poverty” argument? And why is it problematic?
(1) What is the “culture of poverty” argument? And why is it problematic?
In your opinion what would be considered to be the most essential or desirable quality of...
In your opinion what would be considered to be the most essential or desirable quality of accounting information, and explain why. Determine your greatest and best principle or practice
In your opinion, which financial statement provides the most useful information and why? In your opinion,...
In your opinion, which financial statement provides the most useful information and why? In your opinion, would expressing financial statements accounts as debits and credits be preferable to expressing financial statement accounts as increases and decreases in account types and why? In your opinion, why is a spreadsheet application (e.g., like Excel) often used by business managers for analyzing business transactions?
Why does natural selection favor mate choice? What factor is most important in determining which sex...
Why does natural selection favor mate choice? What factor is most important in determining which sex exhibits mate choice?
1.What is your Opinion of the Current Jail Situation? 2. What is your Opinion with regards...
1.What is your Opinion of the Current Jail Situation? 2. What is your Opinion with regards to the release of inmates during the Covid-19 Pandemic?
In light of what you now know, what is your opinion concerning irradiated food? Would you...
In light of what you now know, what is your opinion concerning irradiated food? Would you prefer to purchase and consume irradiated or non-irradiated food, or are you indifferent? Why?
What is poverty? If you were a policy maker, how would you reduce the poverty in...
What is poverty? If you were a policy maker, how would you reduce the poverty in U.S? Explain