Hey...
please define Relative Poverty in 20-30 words at least..
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Answer:
Relative poverty is the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live relative poverty is considered the easiest way to measure the level of poverty in an individual country
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Answer :
RELATIVE POVERTY :-
▶️ Relative Poverty is judged on the basis of comparison of relative standards of living of different sections of the people.
▶️ It is measured with respect to differences in the level of income, wealth, consumption, economic inactivity, etc.
▶️ Relative Poverty can be found in all the countries of the world.
▶️ Relative Poverty is an Universal Phenomenon which cannot be eradicated.
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