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poverty threshold
The poverty threshold, or poverty line, is the minimum level of income deemed adequate in a particular country. In practice, like the definition of poverty, the official or common understanding of the poverty line is significantly higher in developed countries than in developing countries. The common international poverty line has in the past been roughly $1 a day. In 2008, the World Bank came out with a revised figure of $1.25 at 2005 purchasing-power parity (PPP). Determining the poverty line is usually done by finding the total cost of all the essential resources that an average human adult consumes in one year.
- Part of Speech: noun
- Synonym(s):
- Blossary: Poverty
- Industry/Domain: Sociology
- Category: General sociology
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