Business Finance
Measuring Poverty essay

Question Description

  1. In your opinion, what is the best method for measuring poverty?
    1. Why is consumption sometimes a better indicator of welfare than income? Which will tend to have higher inequality, income or consumption measures of welfare?
    2. Why do prices matter in welfare measurement?
    3. What would a consumption measure need to include and exclude?
  2. What are the arguments against using a poverty line to measure poverty?
  3. How does the history of social welfare inform your opinion on the best method for measuring poverty?

Write a 4-5-page essay responding to the following questions. Use APA citation properly and provide a synthesis of the questions listed below. Do not just respond to questions-- state a claim and back it up. Synthesize your responses to the following questions so that you build a strong argument.

Final Answer

Hi, kindly find attached

Running Head: POVERTY


Measuring Poverty
Student’s Name



Poverty is the state of an individual, or a family is incapable of affording the simple and
basic needs that an average person or individual would require. There are many people currently
living below the poverty line and suffering so much. For such data to be found, there have to be
some mechanisms and ways used to measure the extent of poverty in a particular scenario this
paper will aim to elaborate more on what poverty is all about and how it can be measured under
a variety of circumstances.
Among the major ways of determining the level of poverty an individual or a group of
people are at, is the consumption method. There are some scholars that rooted for this method
terming it as efficient and bound to give better results. Through the level of consumption, they
argue that it is possible to tell how well of the person or the group is.
People who are poor tend to consume a little amount compared to those who are not.
This is so because when a person doesn't have enough money, they can't afford so much no
matter how cheap the commodity they require is. this limits them to consuming very little
amounts of the required needs and therefore justifying the fact that their inability is due to
nothing other than their status which is poverty.
On the other hand, those who are well of and can be termed as at least not poor, they
tend to consume a bit more of what they require. This is because they have enough disposable
amounts of money with them...

NicholasI (27103)
Rice University

I was on a very tight deadline but thanks to Studypool I was able to deliver my assignment on time.

The tutor was pretty knowledgeable, efficient and polite. Great service!

Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.

Similar Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors