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Absolute Poverty Measurement and Analysis by HCR and PGI method

Different nations, national and international institutions have used various tools to measure poverty. The commonly used (HCR and PGI) measure of Poverty is explained as below. 1) Head Count Ration (HCR) HCR refers to the number of people in a society living below the poverty line fixed based on some minimum consumption level. So far it is the most widely used measure of poverty in all the countries. It can be expressed as: Head Count Ratio (HCR) = H/N Where, N = The number of populations.             H = The number of persons having income below the poverty line. Example: If a country in a certain period has a total population of one billion with 600 million below the poverty line. Then,  Head Count Ratio (HCI) = 1 million/600 billions   = 0.6 = 60% It means, 60 percent of the country's population is below the poverty line.   Draw Backs: 1. HCR method of measuring the poverty index is easy to unders...

Methods of Data Collection: A Comprehensive Guide

  Methods of Data Collection: A Comprehensive Guide    Data collection is a fundamental step in any research process. Without the right data, one cannot derive accurate conclusions or insights. Thus, it is essential to understand different methods of data collection. In this blog post, we will discuss four common methods, including questionnaires, interviews, experiments, and observations. Questionnaires Questionnaires are a popular method of data collection in research, particularly for quantitative data. They are typically structured with set questions, which can include open-ended questions for qualitative data or closed-ended questions for quantitative data. Questionnaires can be administered in various ways, such as face-to-face, over the phone, or online. They are cost-effective and can reach a large number of participants, thus providing a significant amount of data. Interviews Interviews are another common method of data collection. Unlike questionnaires, intervie...

10 Key Economic Concept You Must Know

10 Key Economic Concept You Must Know 1. Bear market The principle of a bear market is simple enough. Essentially, it represents a negative or   pessimistic outlook   on a stock market’s performance, often with such markets falling into a downfall spiral, where prices continue to drop.   As a result of a bear market, selling of stocks tends to increase. Additionally, investors expect, and may well receive, increased losses from their investments. 2. Bull market A bull market represents a much more   positive outlook   on a stock market’s performance compared to a bear market. In a bull market, stock prices either have or are expected to increase. and eight more in video...