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Difference between relative poverty and absolute …

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Difference between relative poverty and absolute poverty . Pls define on basis
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Meghna Thapar 4 years, 9 months ago

Absolute poverty is a defined base, whereas relative poverty can change based on the society you are observing. So although relative poverty in the US can define part of the population as in poverty, they can still be living above the absolute poverty line. Absolute Poverty is used to describe a condition where an individual does not have the financial means to obtain commodities to sustain life. Relative Poverty refers to the standard of living compared to economic standards of living within the same surroundings.

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