The amount of money necessary to meet certain basic thresholds of human existence is known as:

Name: The amount of money necessary to meet certain basic thresholds of human existence is known as:
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Absolute poverty refers to the minimum amount of money necessary to meet basic needs such as food, shelter, and clothing. It is a measure of poverty that is based on a fixed threshold and does not take into account the relative standard of living in a society.

The Amount of Money Necessary to Meet Certain Basic Thresholds