Poverty in Secular and Islamic Economics (Part 1 / 2)

There are different ways of defining poverty and measuring it. One may classify those definitions into three types (Korayem, 1993): The first type includes what we may call the objective definitions of poverty. This definition specifies a specific level of income (expenditure), or index, or ratio which represents the borderline between the poor and the non-poor. The individuals who are at the borderline or below will be defined as poor whereas those above the borderline are the non-poor. Read more

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