ECONOMICS
HUMAN CAPITAL
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Chronic poor
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Churning poor
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Occasionally poor
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Major poor
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Detailed explanation-1: -People who frequently move in and out of poverty are called transient poor.
Detailed explanation-2: -Churning poor: The churning poor are the people who go in and out of poverty (for example, small farmers and seasonal workers). Transient poor: The poor who are well off most of the time but may be subject to bad luck or difficult times at times. They are known as the transient poor.
Detailed explanation-3: -Person who are always or usually poor are called Chronic Poor. They are normally always below the Poverty line.
Detailed explanation-4: -Transient poors are those poors: (i) who regularly move in and out of poverty (churning poor) and (ii) who are rich most of the time but sometimes have a patch of bad luck. Non-poors are those persons who are never poor. They always remain above poverty line. 1067 Views.
Detailed explanation-5: -People who may sometimes have a little more money than usually poor are grouped together as the chronic poor. Another group are the churning poor who regularly move in and out of poverty.