Definitions of Poverty by Researchers

Some researchers have attempted to define poverty: (1) as the lowest 20% of the income distribution. (2) through estimates of the fundamental needs for families having various characteristics. (3) by estimating the costs of the minimum caloric intake essential to sustain life. (4) as a relative concept. (5) Each of these approaches is used by some researchers.

Hey friends please give your opinion for the problem of Economics that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Freedom of entry and exit Typical firms

Typical firms in an industry can’t expect to produce economic profit in the long run when the industry has: (1) decreasing costs of production as the number of firms in the industry changes. (2) market demand exceeding the minimum average variab

Q : Long run for production theory Long run

Long run for the production theory is a time period across which: (i) All production occurs. (ii) Firms can adjust all their costs and resources. (iii) Bigger firms absorb the smaller firms. (iv) Marginal costs become decreasingly significant. (iv) Im

Q : Economies of Scope exploitation I have

I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the economies of: (i) Scope. (ii) Structure. (iii) Scale. (iv) Information. (v

Q : What is the equilibrium price and

Objectives: This assessment item relates to the course learning outcomes 1, 2 and 3 as listed in Part A. Question 1 (22 marks) (a) Consider the market represented by the schedule in the table below. (5 marks) Price Quantity demanded Quantity

Q : What drives market towards their

What drives market towards their equilibrium?

Q : Competitive theory of prices Normal 0

Normal 0 false false

Q : Monopsony Power and the Demand for Labor

Can someone help me in finding out the right answer from the given options. The labor monopsonist will hire labor up to a point where marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the wage. (3) Revenue product

Q : Problem on Substitution Effect The cost

The cost of cashmere plummets and most of the people start employing this once costly material as pillow covers and to knit sweaters for their pets. This is an illustration of: (i) The income effect. (ii) The change in preferences and taste. (iii) The law of diminishi

Q : Computations of price elasticity of

The price elasticity of demand in given figure below for DVD games among prices of $30 and $40 is roughly: (w) 3/7. (x) 7/3. (y) 1/21. (z) 21.

Q : Total variable cost while maximizes

Total cost when such firm maximizes economic profits would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period.

Discover Q & A

Leading Solution Library

Avail More Than 1440276 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959150
Asked

3,689

Active Tutors

1440276

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment