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How would you differentiate between poor and non-poor? - Economics

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Question

How would you differentiate between poor and non-poor?

Distinguish Between
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Solution

Sr. No. Poor Non-Poor
1. Live below the poverty line. Live above the poverty line.
2. Unable to secure minimum consumption needs for life including calories, clothing, housing, health, and education. Can secure minimum consumption needs and more.
3. Often illiterate and lacking skills and assets. Have access to education, skills, and assets.
4. May face social exclusion and vulnerability to bad times. Generally enjoy social equality and better living conditions.
5. Include chronically poor, transient poor, and occasionally poor. Include not so poor, middle class, upper middle class, rich, very rich, millionaires, and billionaires.
6. Struggle with underemployment, low income, and inadequate access to resources. Typically have stable employment or enough income and better access to resources.
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Chapter 10: Poverty in India - QUESTION BANK [Page 166]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 10 Poverty in India
QUESTION BANK | Q 6. (ii) | Page 166
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