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Running Head: POVERTY
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...