Absolute vs Relative Poverty

• Absolute poverty is a measure of poverty based on the availability of basic necessities, while relative poverty compares an individual's income to the income of others in the same household.
• Absolute poverty is a measure of poverty based on comparing an individual's income to the overall distribution of income in a society, while relative poverty is based on a specific income threshold.
• Absolute poverty is a measure of poverty based on a specific income threshold, while relative poverty compares an individual's income to the overall distribution of income in a society. (correct)
• Absolute poverty is a measure of poverty based on comparing an individual's income to the income of others in the same household, while relative poverty compares an individual's income to the overall distribution of income in a society.

• It is a measure of poverty that compares an individual's income to the overall distribution of income in a society.
• It is a measure of poverty that considers an individual's income in relation to the income of others in the same household.
• It is a measure of poverty that varies based on the economic conditions of a specific region or country.
• It is a measure of poverty that focuses on the inability to afford basic necessities such as food, shelter, and clothing. (correct)

• Relative poverty is a measure of poverty that considers an individual's income in relation to the income of others in the same household, while absolute poverty is primarily concerned with the inability to afford basic necessities.
• Relative poverty focuses on income inequality within a society, while absolute poverty focuses on the inability to afford basic necessities. (correct)
• Relative poverty is based on a specific income threshold, while absolute poverty compares an individual's income to the income of others in the same household.
• Relative poverty is a measure of poverty that varies based on the economic conditions of a specific region or country, while absolute poverty compares an individual's income to the overall distribution of income in a society.