Essay on Difference between Absolute Poverty and Relative Poverty
Answers
Answered by
0
Difference between relative poverty and absolute poverty
Relative poverty refers to a standard which is defined in terms of the society in which an individual lives and which therefore differs between countries and over time. An income-related example would be living on less than X% of average UK income. Absolute poverty and relative poverty are both valid concepts.
Answered by
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.'
Similar questions