Economy, asked by sakshiMishra24, 1 year ago

define relative poverty

Answers

Answered by neh111
8
It is the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live.

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Answered by anmolprakash84
1

Answer:

>>DEFINATION OF POVERTY<<

● poverty refers to lacking enough resources to provide the necessities of life—food, clean water, shelter and clothing.

● In government circles, poverty is often further defined as “absolute poverty” and “relative poverty” (more on that below).

● Every country has its own measure for poverty.

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Explanation:

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