Question

Identify and contrast the two main classification of poverty. ​

Answer 1

Answer:

WHAT IS POVERTY-

Poverty is a type of social exclusion that comes when an individual or family fails to meet an established threshold.

TYPES OF POVERTY-

Two ways poverty can be measured are as absolute poverty or relative poverty.

DIFFERENCE BETWEEN THE TWO TYPES OF POVERTY-

Absolute Poverty is used to describe a condition where an individual does not have the financial means to obtain commodities to sustain life. Relative Poverty refers to the standard of living compared to economic standards of living within the same surroundings.

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