Best Commerce classes in Pune for 11th | 12th | CA/CS Foundation | BCom | BBA Behere Classes Basics of Economics Series Part 15: Poverty: An Economic Analysis Poverty is a situation in which an individual or family or community doesn't have the financial resources and essentials for a minimum standard of living. Poverty, in simple terms means that the income level of a family is so low that basic human needs such as food, shelter, health, education, etc. can't be met. Starvation and hunger are key features of poverty! It is worrisome that more than 20% of the world's poor live in India. Issues Due to Poverty: ➤ Limited Economic Opportunities ➤ Unstable Employment ➤ Poor Sanitation ➤ Hunger ➤ Chronic Indebtedness ➤ Illiteracy ➤ Poor Health ➤ Lack of access to primary services like health, education, electricity, etc. ➤ No access to safe potable water ➤ Gender Inequality ➤ Large family size ➤ Child labour ➤ No legal security Poverty Line: Poverty line is defined based on the minimum calorie intake. It is one of many ways suggested by the economists to define who are poor and who are not. People below poverty line (BPL) are considered as poor and those above the poverty line as non-poor. In this method, poverty line determined by calculating the consumption expenditure of the calorie intake of 2400 calories in rural area and 2100 calories per person in urban area. Thank You. Regards, Behere Classes (www.behereclasses.com) Tags: Best 11th commerce classes in Pune, 11th commerce class in Pune, top commerce coaching in pune, Commerce classes in Pune city, 12th commerce classes in Pune, 12th commerce class in Pune, commerce classes near me, best commerce classes near me, 11th 12th commerce classes near me, BBA coaching classes in Pune, BBA classes near me, BCom classes in Pune, BCom classes near me, BBA tuitions near me, BCom tuitions near me, commerce tuitions near me, classes for 11th commerce, CA classes in Pune, Pune 11th commerce classes, tuitions for 11th commerce, CA foundation classes, CS foundation classes, best CA foundation classes, best CS foundation classes, best commerce classes in Kothrud, best commerce classes in Sadashiv Peth, best commerce classes in Dattawadi, best commerce classes in Navi Peth, best commerce classes in Karve Road, best commerce classes in Karve Nagar, best commerce classes in Deccan, best commerce classes in ABC, best commerce classes in lbs, best commerce classes in Karve Nagar