“…In the literature, there are many studies on the classification and construction of equivalence scales. Among others, Buhmann et al [1] and Hagenaars et al [2], Engel [3], Barten [4], Gorman [5], Pollak and Wales [6], Lewbel [7], Deaton and Muellbauer [8] Ray [9], Charlier [10] Pendakur [11], Kot [12] Lundgren [13], Dudek [14], Muellbauer and Van de Ven [15], Balli and Tiezzi [16], Majumder and Chakrabarty [17], Rojas [18] are some of the prominent studies in literature.…”