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Identify and explain the concept from the given illustration: Urmi's family live in a situation whereby they are not able to fulfil even the basic needs of life such as food, clothing and shelter. - Economics

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Question

Identify and explain the concept from the given illustration:

Urmi's family lives in a situation whereby they are not able to fulfill even the basic needs of life such as food, clothing and shelter.

One Line Answer

Solution

  1. Identified concept: Poverty
  2. Explanation of concept: Poverty refers to a situation in Which a person is unable to fulfil even the basic needs of life such as food, clothing and shelter due to lack of sufficient income.
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Poverty in India
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Chapter 8: Poverty in India - EXERCISE [Page 56]

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Balbharati Economics [English] 11 Standard
Chapter 8 Poverty in India
EXERCISE | Q 4. 3) | Page 56
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