Poverty can be defined either in absolute terms or in relative terms.False

Question

Quizplus · Accepted Answer

This statement is true. Poverty can be defined in absolute terms, which refers to a fixed standard of living below which individuals or households are considered to be living in poverty (e.g. living on less than $1.90 per day). It can also be defined in relative terms, which takes into account the general standard of living in a society and defines poverty as falling below a certain percentage of the median income or consumption (e.g. living on less than 50% of the median income in a given country).

Poverty Can Be Defined Either in Absolute Terms or in Relative