Question

what is meant by poverty explain the difference between relative poverty and absolute poverty

Answer 1

ABSOLUTE POVERTY : is a condition where household below a necessary level to maintain basic living standards (food, shelter, housing.... )

RELATIVE LAND: A condition where household income is a certain percentage below median incomes.

hope it helps... !!!

Answer 2

Answer:

Poverty is the inability to secure the minimum consumption requirements for life like food, clothing, shelter, education, health facilities etc.

Absolute Poverty

• Absolute Poverty refers to a phenomenon in which a section of the society is unable to fulfil even its basic necessities of life concerning food, clothing, housing, education and health.

• It is caused because of many factors like over population, low economic growth, over dependence on agriculture, etc.

• There are remedies to remove absolute poverty by Poverty Alleviation Programme and other ways.

• It is measured by 'Poverty Line.'

Relative Poverty

• Relative Poverty refers to a phenomenon in which inequalities of income exist and hence one person is poor in relation to other person.

• It is caused because of inequalities of income.

• It can't be removed as people have different skills and accordingly their incomes vary.

• It is measured by 'Gini Co- efficient.'