The poverty line remains the best tool that is used in order to estimate levels of poverty existing in a given society. It is described as the lowest standard that a person requires to earn so as to be able to earn enough to feed himself, clothe himself and get a roof over his head. The concept of tRead more
The poverty line remains the best tool that is used in order to estimate levels of poverty existing in a given society. It is described as the lowest standard that a person requires to earn so as to be able to earn enough to feed himself, clothe himself and get a roof over his head. The concept of the poverty line is complex and faces many challenges:
Importance:
Policy Formulation: These data help governments formulate and implement poverty eradication policies as well as map poverty line.
Resource Allocation: It assists in proper utilization of resources available to fight poverty related problems.
Monitoring Change: Explanation of How Poverty Level Changes Over Time Can Help Us Understand Something about the Effectiveness of Government Policies
Issues:
Subjectivity: The passing of the poverty line involves several generalized and subjective decision making about what constitutes basic.
Regional variation: The conditions of and needs for relief vary from one region to another in one country and hence are very much W/B between areas.
Changing Nature of Poverty: Its approach is subjected to change such as inflationary.change, change in the rates of growth, and change in social order.
-Data Quality: Cross sectional survey data is most useful in assessing the income and consumption expenditure of households, but invariably some issues of data quality arise.
-Multidimensional Poverty: However, the means poverty, also known as income poverty, is well provided notwithstanding other dimensions are education, health, social exclusion, etc.
To do this it could entail the coming up of multi dimensional poverty index that could include things like income, health, education and basic service. It is also necessary to have time to time revision and modification of the poverty line so that it may be in harmony with the economical and social change.
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AI can address global challenges like climate change and poverty reduction as follows: 1.) For climate change: a.) AI models can provide us with the pattern of weather and help us in disaster prevention or management. b.)AI models can track the environment and help in getting the data for deforestatRead more
AI can address global challenges like climate change and poverty reduction as follows:
1.) For climate change:
a.) AI models can provide us with the pattern of weather and help us in disaster prevention or management.
b.)AI models can track the environment and help in getting the data for deforestation and provide us with animal data so as to make policies to protect them.
c.)With the help of AI we can enhance the renewable sources of energy.
d.)AI is being used to help companies in the metal and mining, oil, and gas industries to decarbonize their operations.AI then analyzes this data to help companiestrack and reduce by 20-30%.
2.)For poverty reduction:
a.)With AI learning something is easier, people get personalised recommendations for their material.
b.)AI can match job seekers with suitable employment opportunities and provide personalised training programs to bridge skill gaps, helping them be independent.
c.)AI can assist farmers in increasing crop yields through precision agriculture, which uses data on weather, soil, and crop conditions to optimize planting and harvesting times. This can lead to more efficient use of resources and higher productivity.
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