Complete the following statements:

1. Poverty line is based on ____________

2. Wide inequalities have been observed in the ____________

3. Inflation refers to a continuous rise ____________

4. ‘Vicious Circle of Poverty’ concept is given by ____________

5. Minimum Wages Act was passed in 1948, to ____________

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1 Answers

1. household consumption expenditure

2. distribution of income

3. in the price

4. Prof. Ragnar Nurkse

5. provide fair wages

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