Question

difference between relative poverty and absolute
poverty​

Answer 1

Answer:

Absolute poverty is a defined base, whereas relative poverty can change based on the society you are observing. So although relative poverty in the US can define part of the population as in poverty, they can still be living above the absolute poverty line.

Answer 2

Answer:

Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). This condition makes it possible to compare between different countries and also over time.

Relative poverty – A condition where household income is a certain percentage below median incomes. For example, the threshold for relative poverty could be set at 50% of median incomes (or 60%)