Questions and Answers
What is the main difference between absolute poverty and relative poverty?
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.
Which of the following best describes the concept of absolute poverty?
It is a measure of poverty that focuses on the inability to afford basic necessities such as food, shelter, and clothing.
How does relative poverty differ from absolute poverty?
Relative poverty focuses on income inequality within a society, while absolute poverty focuses on the inability to afford basic necessities.
