Social Sciences, asked by heetpalsetkar, 2 months ago

Explain:Relative poverty and absolute poverty?

Answers

Answered by soumya5030

Answer:

Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). ... Relative poverty – A condition where household income is a certain percentage below median incomes

Answered by triptideshwal04

Explanation:

Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). This condition makes it possible to compare between different countries and also over time.

Relative poverty – A condition where household income is a certain percentage below median incomes. For example, the threshold for relative poverty could be set at 50% of median incomes (or 60%)

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