Economy, asked by pembaop31, 5 months ago

what is meant by relative poverty

Answers

Answered by Anonymous

5

Relative poverty means poverty defined in comparison to other people's standing in the economy. Thus a person can be poor in the relative sense, even if she is not poor in the absolute sense, that is, can meet her basic needs.

Answered by Anonymous

25

Relative poverty – A condition where household income is a certain percentage below median incomes.

Hope it helps U✌️✌️✌️..

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