Question

what is the international poverty line as described by the world bank . Differentiate between absolute poverty and relative poverty

Answer 1

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Poverty is a situations in which is person is unable to earn much to rare his/her family i.e not able to satisfy his/her daily needs.
According to the world bank a person who is able to earn more than $1.25 stands above the poverty line. 

Relative poverty means when a person is unable to earn much to fulfill his daily expences in a country.

Absolute is same as relative poverty but it is measured over a long time at a global level.

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