A study of theoretical issues relating to poverty

Abstract

Poverty is a complex phenomenon. It has multi-dimensional approaches. The existing theories poverty i.e. space time specialty, Human Development Index (HDI), Poverty line, Black Economy, are theories to measure poverty. All the theories give their different methods and courses to measure poverty in a country and it is concluded that no method to measure poverty provide and measure the actual poverty, as all the theories have their own limitations and drawbacks.