Economy, asked by chhavikumavat05, 11 months ago

difference between absolute and relative poverty​

Answers

Answered by meenamutha999
2

Answer:

here is answer

Explanation:

The primary differences between absolute and relative poverty are that absolute poverty focuses more on the biological needs while relative poverty has nothing to do with biological needs.

Answered by adithyakrishnan6137
0

Answer:

Absolute Poverty

  • Absolute Poverty refers to a phenomenon in which a section of the society is unable to fulfil even its basic necessities of life concerning food, clothing, housing, education and health.
  • It is caused because of many factors like over population, low economic growth, over dependence on agriculture, etc.
  • There are remedies to remove absolute poverty by Poverty Alleviation Programme and other ways.
  • It is measured by 'Poverty Line.'

Relative Poverty

  • Relative Poverty refers to a phenomenon in which inequalities of income exist and hence one person is poor in relation to other person.
  • It is caused because of inequalities of income.
  • It can't be removed as people have different skills and accordingly their incomes vary.
  • It is measured by 'Gini Co- efficient.'

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