3 Indian & AP Economy and Planning · 3.1.3 Poverty and inequality

3.1.3.1 Poverty: concepts, types and the poverty line

Poverty means not having enough income or consumption to meet basic needs; economists measure it with a poverty line, count how many fall below it, and also ask how far below and for how long.

  • APPSC Group 1
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • absolute poverty
  • relative poverty
  • chronic poverty
  • transient poverty
  • poverty line
  • headcount ratio
  • poverty gap
  • Sen index
  • vicious circle of poverty
  • Dadabhai Naoroji

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. AP angleStandard
  5. Mains writingMains writing
  6. Common trapsFoundation
  7. Quick revisionFoundation

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