Economy, asked by Kalitah, 1 year ago

Give 5 Dishtinguish between absolute poverty and relative poverty

Answers

Answered by arambamleimathoi
2
Absolute poverty refers to a set condition, which is the same in every country, and does not change over a period of time. On the other hand, relative poverty refers to condition which are subjective to the society in which the person lives, and therefore, does vary between countries, and change over time.
Answered by adithyakrishnan6137
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.'
  • Quality of life is poor .

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

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