Question

Distinguish between absolute and relative poverty?​

Answer 1

Answer:

absolute poverty is a condition where one does not have the financial means to obtain commodities to sustain life whereas, relative poverty refers to teh standard of living compared to economic standards of living with on the same surrounding

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Answer 2

Answer:

Absolute Poverty

• Any person not in a position to obtain essential commodities like food, shelter and clothing are said to experience absolute poverty
• Income Level is considered in Absolute Poverty
• Absolute poverty, however, does not include a broader quality of life issues or the overall level of inequality in society. What the concept fails to recognize is that individuals also have important social and cultural needs.
• Measured using Poverty Line
• It is not possible to completely eradicate absolute

• Quality of life is poor

Relative Poverty

• Relative poverty does not concentrate on biological needs but rather makes a comparison between two people in the environment
• Income Level is considered in Absolute Poverty
• Although people living in relative poverty are to an extent well-off compared to those living in absolute poverty, they still cannot afford the same standard of life as other people in society.
• Measured Using the Gini-Coefficient and Lorenzo Curve

• There is a small margin of success where its eradication is concerned

• Quality of life is marginally better as those living under relative poverty have access to health care services