Differentiate between absolute poverty and relative poverty.
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It involves the comparison between the living conditions of some groups and those enjoyed by the majority of a population. Thus, the difference between absolute and relative definitions of poverty is the absolute level of deprivation (subsistence level) and culturally defined standard of living.
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Explanation:
▶️ Absolute poverty
➡️ Thosepeople of the society who are not able to purchase the basic necessities of life like food grain, pulses, milk, vegetables at lowest market rate are called absolute poor.
▶️ Relative poverty
➡️ Asociety has different income groups among them some groups have low income in comparison to other search group is considered to be relative poor. This concept is more prevalent in developed countries.
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