How can poverty, as defined using relative income, be eliminated?

Question

Quizplus · Accepted Answer

Poverty, as defined using relative income, means that a certain percentage of the population has lower income compared to the average income in the society. To eliminate this, income redistribution is a necessary step. This can be achieved through taxation policies, welfare programs, and other measures that aim to transfer income from the richer members of society to the poorer ones. This can help to reduce income inequality and improve the standard of living for the poorest sections of society. Options A, B, and D can contribute to economic growth and development, but without income redistribution, poverty may persist, as income gains are not distributed equally across the population.

How Can Poverty, as Defined Using Relative Income, Be Eliminated