what is the international poverty line as described by the world bank ¿ differentiate between absolute poverty and relative poverty
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According to the world bank, a man living on $1.90 a day or less, he is extremely poor!
Absolute poverty refers to a set standard which is the same in all the countries and does not change over time whereas relative poverty refers to a standard which is defined in terms of the society in which an individual lives and it differs in countries and over time.
Absolute poverty refers to a set standard which is the same in all the countries and does not change over time whereas relative poverty refers to a standard which is defined in terms of the society in which an individual lives and it differs in countries and over time.
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