Contemporary India

Glossary

Absolute Poverty: Subsistence below minimum, socially acceptable living conditions, usually established based on nutritional requirements and other essential goods.

Basic Needs: A term used by the International Labor Organization to describe the basic goods and services (food, shelter, clothing, sanitation, education, etc.) necessary for a minimum standard of living.

Balance of Payment: A statement of the transactions of a country with foreign countries and international institutions.

Bureaucratic Rationality: The term was coined by Max Weber. It signifies that the authority of bureaucracy is based on rational rules and procedures, and not on any tradition or charisma. In other words, it means institutionalization of the official machinery, ...