Question

These are the measures of poverty: relative poverty and absolute poverty. Explain with appropriate reason.
True/False?​

Answer 1

TRUE

RELATIVE POVERTY AND ABSOLUTE POVERTY IS A METHOD TO MEASURE POVERTY.

Relative poverty is when households receive 50% less than average household incomes, so they do have some money but still not enough money to afford anything above the basics. This type of poverty is, on the other hand, changeable depending on the economic growth of the country.

Absolute poverty is when household income is below a certain level, which makes it impossible for the person or family to meet basic needs of life including food, shelter, safe drinking water, education, healthcare, etc.

Hope it helps ☺️