Notes and Study material for Exams
The Poverty Gap: A Measure of Deprivation and a Guide to Progress The poverty gap, a key indicator of poverty severity, quantifies the extent to which individuals or households fall below the poverty line. It measures the collective shortfall in income needed to lift everyone living in poverty to the poverty threshold. This article delves … Read more
The Paradox of Progress: Economic Growth vs. Economic Development The pursuit of economic prosperity has been a central theme in human history. Nations strive for growth, aiming to increase their wealth and improve living standards. However, the concept of “economic progress” is often conflated with the term “economic development,” leading to a misunderstanding of the … Read more