Economy, asked by pinkunipom1425, 19 days ago

What is absolute poverty and relative poverty​

Answers

Answered by ananyanaskar28
2

Answer:

Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). ... Relative poverty – A condition where household income is a certain percentage below median incomes.

Explanation:

Answered by swethaproddaturi123
3

Explanation:

Absolute poverty – is a condition where household income is below a necessary level to maintain basic living standards (food, shelter, housing). ... Relative poverty – A condition where household income is a certain percentage below median incomes.

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