This chapter discusses the concept of property and different approaches to measure it. Poverty is defined as poor living standards owing to deficient resources. Children are poor if, because their family's income is inadequate, they cannot enjoy the goods, services and activities that most children in the society concerned take for granted. Two ideas cut across all of the poverty measures described in the chapter. The first is the distinction between the poverty rate — the number of people who are poor against a specified standard; and the poverty gap — the aggregate shortfall of income of all the poor from the selected poverty line. The second important idea is equivalisation.
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