What is the difference between relative and absolute poverty?

Asked by Last Modified  

2 Answers

Learn Economics

Follow 1
Answer

Please enter your answer

Ujjawal

Both terms relative poverty and absolute poverty are used to measure poverty. Absolute poverty is meansured in terms of financial means to obtain basic necessities in order to survive like food. It's not effected by the economic growth. For example households not able to buy food in order to survive...
read more
Both terms relative poverty and absolute poverty are used to measure poverty. Absolute poverty is meansured in terms of financial means to obtain basic necessities in order to survive like food. It's not effected by the economic growth. For example households not able to buy food in order to survive are in absolute poverty. Whereas Relative poverty is measeured as name suggest in relative terms. It's relative to the economic climate. For example households earnning 60% less than the average household in the economy are in relative poverty. This measure changes with economic prosperity. read less
Comments
Dislike Bookmark

IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.

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.
Comments
Dislike Bookmark

Related Questions

 What is the most important function of RBI?
The most important function of RBI is that it issues currency notes and coins except one rupee note and coin.
Santosini
0 0
5
Outline the steps involved in attaining sustainable development in India.
In 2015, the United Nations general assembly adopted the 2030 agenda for sustainable development 193 countries including India got committed to the 17 sustainable development goals that require efforts...
Ankita
0 0
5
State an example each of self-employment in rural and urban areas.
Example of self employment in urban areas will be shopkeeping, own business and for rural areas is farming in own land.
Shantanu
0 0
8
Name some notable economists who estimated India’s per capita income during the colonial period.
Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R. C Desai.
Subhash
0 0
6
Explain the steps taken by the government in developing rural markets.
The government has made the following initiatives to develop rural markets. 1. Market Regulation - The government has established regulated marketplaces in which the selling and purchase of produce is...
Harsh
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Write the advantages of pilot survey.
Advantages of pilot survey are (i) The questions to he asked are being tested through pilot survey. (ii) The problems which may arise during large survey are guessed and solutions are found out. (iii)...

Sujoy Das

2 0
0
How is China able to lead in all the human development indicators?
China is able to lead in almost all the human development indicators since the establishment of infrastructure in the areas of education and health, land reforms, long existence of decentralised planning...

Sujoy Das

1 0
0
Statistical methods are not the substitute for common sense.
It is absolutely true that statistical methods are not the substitute for common sense. Statistical data should not be believed blindly as they can be misinterpreted or misused. The statistical data may...

Sujoy Das

1 0
0
Justify that energy crisis can overcome with the use of renewable sources of energy.
The energy crisis in India is the result of excessive use of non-renewable sources of energy for present consumption which has created a threat for sustainable development of the country. The conventional...

Sujoy Das

1 0
0
What is the significance of energy? Differentiate between commercial and non-commercial sources.
Energy is a critical aspect of the development process of nation. It is essential for industries. Now it is used on a large scale in agriculture and related areas like production and transportation of...

Sujoy Das

1 0
0

Recommended Articles

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Urmila, an MBBS tutor from Bangalore

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Find Class XII Tuition near you
Class XII Tuition in Delhi
Class XII Tuition in Bangalore
Class XII Tuition in Hyderabad
Class XII Tuition in Chennai
Class XII Tuition in Kolkata
Class XII Tuition in Mumbai
Class XII Tuition in Pune
Class XII Tuition in Noida
Class XII Tuition in Gurgaon
Class XII Tuition in Lucknow
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you