Economy, asked by jasmandeepsingh871, 8 months ago

explain poverty and it's two types ​

Answers

Answered by kartikey07
0

Answer:

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Explanation:

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Answered by kyntiew66
0

Answer:

Families who live in absolute poverty tend to focus on day-to-day survival. Relative poverty refers to the economic status of a family whose income is insufficient to meet its society's average standard of living. Urban poverty occurs in metropolitan areas with populations of at least 50,000 people.

It's two types are:

1) Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). ...

2) Relative poverty – A condition where household income is a certain percentage below median incomes.

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