Economy, asked by sy023095, 2 months ago

poverty judged on the basis of relative standards of living of the people.​

Answers

Answered by jayahari9642
2

Answer:

(1) Relative poverty is measured with respect to differences in the levels of income, wealth, consumption, etc. (2) Low income group people become poor when compared to high income group people. (3) Difference in income group, wealth, etc. is found in all countries of the world

Answered by BornCxnfused
0

  1. Relative poverty is measured with respect to differences in the levels of income, wealth, consumption, etc.
  2. Low income group people become poor when compared to high income group people.
  3. Difference in income group, wealth, etc. is found in all countries of the world.

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