Economy, asked by sourav171102, 11 months ago

difference between relative poverty and chronic poverty ?​

Answers

Answered by srivishnusrikrishna5
2

Answer:

Relative property:

  • No biological needs.
  • High Income Levels.
  • Uniformly country dependent.
  • Better quantity of life.
  • It refers poverty of the people relative to other people, regions or nations.

Chronic poverty or Generational poverty:

  • biological needs.
  • low income lvls.
  • changes country dependent.
  • worst quantity of life.
  • Generational Poverty is defined as a family having lived in poverty for at least two generations.

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