Basic needs
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The basic needs approach is one of the major approaches to the measurement of absolute poverty. It attempts to define the absolute minimum resources necessary for long-term physical well-being, usually in terms of consumption goods. The poverty line is then defined as the amount of income required to satisfy those needs. The 'basic needs' approach was introduced by the ILO in 1976 at its World Employment Conference.
See also
- Anthropological theories of value
- Maslow's hierarchy of needs
- Living wage, a wage that is high enough to meet basic needs
- Basic income
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