Economy, asked by prabhatrajwade2021, 3 months ago

what is the difference between relative and absolute poverty?​

Answers

Answered by Bad0BoY
0

Answer:

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Absolute Poverty is used to describe a condition where an individual does not have the financial means to obtain commodities to sustain life. Relative Poverty refers to the standard of living compared to economic standards of living within the same surroundings...

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Answered by Anonymous
23

Answer:

Absolute Poverty is used to describe a condition where an individual does not have the financial means to obtain commodities to sustain life. Relative Poverty refers to the standard of living compared to economic standards of living within the same surroundings.

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