Poverty can be defined in two ways: using an absolute concept of poverty or a relative concept of poverty.

Name: Poverty can be defined in two ways: using an absolute concept of poverty or a relative concept of poverty.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Absolute poverty is defined by a specific income threshold below which individuals or households cannot meet their basic needs, while relative poverty is defined in relation to the standard of living in a particular society or community.

Poverty Can Be Defined in Two Ways: Using an Absolute