Poverty
Gujarat Board · Class 12 · Economics
Quick revision notes for Poverty — Gujarat Board Class 12 Economics. Key concepts, formulas, and definitions for last-minute revision.
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Meaning and Nature of Poverty
- Poverty is a situation where a major portion of population cannot satisfy minimum basic requirements
- Traditional meaning focuses on income poverty - people below poverty line based on minimum consumption expenditure
- Modern meaning includes non-income poverty - lack of access to education, health, housing, clean water, etc.
Indicators of Poverty
- Low per capita household consumption expenditure - India: $725 (2014)
- High malnutrition levels - 15.2% malnourished people in India (2014-16)
- Low life expectancy (68 years) and high infant mortality rate (39 per 1000)
Causes of Poverty
- Historical reasons: Colonial exploitation destroyed Indian agriculture and industries
- Natural causes: Monsoon dependency, droughts, floods affect agricultural production
- Demographic factors: High population growth, large family size reduce per capita income
Measures to Reduce Poverty
- Increase agricultural productivity through technology, irrigation, better seeds
- Develop small-scale industries for employment generation
- Strengthen unorganized sector with social security measures
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