Question

Explain types of Poverty

Answer 1

Absolute poverty, relative poverty, urban poverty and ruler poverty in india

Answer 2

$ANSWER$

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Types of Poverty :-

$Absolute Poverty$

$Relative Poverty$

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1.Absolute Poverty :- When the level of income of a country is so low that they cannot meet even their minimum consumption requirements to maintain their health and work efficiency, it is called Absolute Poverty.

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2.Relative Poverty :- When we compare the incomes of different people, and we find that some people are poorer than others ,it is called relative poverty.

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