Economy, asked by shrayadana7, 6 months ago

difference between relative poverty and absolute poverty point wise ans​

Answers

Answered by shivarama73
0

frie

nd the answer follows:-

relative poverty

the people have the income 50 percent income the way they don't have proper basic asset like food, shelter.

absolute poverty:-

the people who have the income but cannot fulfil their basic liability.

hope this helps you

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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