Question

what is the different between relative poverty and absolute poverty

Answer 1

Helloo!!

Relative poverty
A level of household income that is considerably lower than the median level of income within a country

Absolute poverty:

When a household does not have sufficient income to sustain even a basic acceptable standard of living / meet basic needs

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Answer 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.

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