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Poverty  an insight
 

Poverty an insight

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Poverty,an economic condition in which people lack sufficient income to obtain certain minimal levels of health services, food, housing, clothing and education generally recognized as necessary to ...

Poverty,an economic condition in which people lack sufficient income to obtain certain minimal levels of health services, food, housing, clothing and education generally recognized as necessary to ensure an adequate standard of living. What is considered adequate, however, depends on the average standard of living in a particular society

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    Poverty  an insight Poverty an insight Presentation Transcript

    • Poverty Conceptualized by Kapil Chaudhury
    • I saw a child on my way to school. Encarta
    • Poverty, an economic condition in which people lack sufficient income to obtain certain minimal levels of health services, food, housing, clothing and education generally recognized as necessary to ensure an adequate standard of living. What is considered adequate, however, depends on the average standard of living in a particular society She presented a picture of http :// www.learning for all.org/images/kids3.gif   this holds for India also.
    • Classification of Poverty
      • Absolute:
      • Defined in terms of per capita consumption-expenditure
      • Relative:
      • Defined on the basis of income distribution.
      • Poverty Line :
      • It represents a minimum standard of Consumption-Expenditure
      • It’s 2400 calories in rural areas.
      • It’s 2100 calories in urban areas.
    • low earning low education level low consumption low earning capability low skill formation VICIOUS CIRCLE OF POVERTY CAUSES
    • Anyone who is not gainfully employed in any productive activity is said to be unemployed. How is Poverty related to Unemployment?
    • To understand unemployment, let us see the Demand & Supply side . CHRONIC EMPLOYMENT
      • low saving potential
      • low capital formation
      • low productivity
      • slow growth in production
      • slow growth in employment opportunity
      • low purchasing power
      • low effective demand
      • limited market
      • low rate of investment
      • slow growth in production
      • slow growth in employment opportunities
      SUPPLY SIDE DEMAND SIDE
    • “ Broadly speaking, reforms would be most effective to the extent that they reduce the risk of macroeconomic instability, increase the access of the poor to human development, improve governance and reduce distortions and improve the demand for labor.” By Sanjay How are reforms going to help? www.world bank.org/ sarindiacdr .
    • It is instructive to see through the following table how POVERTY has declined since economic reforms began in 1990 Impact of reforms Between All India % Rural % Urban % 1973 & 78 3.6  3.1 4.2 1978 & 83 6.8  7.4  4.4 1983 & 88 5.6 6.6 2.6 1988 & 93 2.9 1.8 5.8 1993 & 99 9.9 9.4 8.78
    • a happy and prosperous nation we achieve A There is firm evidence that the war against poverty is being won.
    • ACKNOWLEDGEMENT
      • Text Book
      • MS Encarta 2001
      • Web Resources
      • www.learning for all.org/images/kids3.gif
      • www.world bank.org/ sarindiacdr .