difference between relative poverty and absolute poverty point wise ans
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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
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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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