00:01
What is meant by absolute poverty? what measures of income poverty are favored by development economists? how do income poverty measures differ from the undp's multidimensional poverty index? why should we be concerned with the measurement of poverty and development nations? so absolute poverty describes a situation where the income earned by households is less than the standard level of income, which deprived them of having basic necessities and maintaining a standard of living.
01:44
The development economists use absolute poverty as a measure of calculating poverty that includes the absolute poverty line, head count ratio, and genie coefficient.
02:56
The poverty line represents the threshold amount that is required by households to meet basic needs.
03:01
The head count ratio measures the part of the population that lies below the poverty line.
03:08
And the genie coefficient provides a statistical measure of the income inequality by comparing the distribution to the equal distribution line.
03:17
In the case of absolute poverty, there exists severe deprivation such as the individual's inability to have access to safe drinking water, sanitation facilities, health facilities, food, and or other basic human needs...