Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty.

Name: Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty.
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Question

Quizplus · Accepted Answer

Poverty can be defined in absolute terms, which means lacking the basic necessities of life (food, water, shelter, clothing, and sanitation), or in relative terms, which means having significantly less income or resources than those in a society or country.

Poverty Is Defined in Two Ways: the Absolute Concept of Poverty