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Question
What is the difference between relative poverty and absolute poverty?
Distinguish Between
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Solution
| Sr. No. | Basis | Absolute Poverty | Relative Poverty |
| 1. | Meaning | It refers to the number of people living below poverty line. | It refers to poverty with respect to different people, regions or nations. |
| 2. | State/Condition | Absolute poverty is a state of in which a person is deprived of basic needs. | Relative poverty is a condition when a person is unable to reach the minimum average overall standard in the society. |
| 3. | Measurement | It can be measured on two bases (a) Calories intake, (b) Monthly Consumption Expenditure. | It can also be measured on two bases (a) On the basis of comparison and (b) Earning criteria in the form of per capita income. |
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