1.

Distinguish between:Absolute Poverty and Relative Poverty.

Answer»
Absolute PovertyRelative Poverty
(i) Absolute poverty is a situation where an individual is not able to consume minimum calories intake.(i) Relative poverty is a situation where there is a comparison of income or living standard of different income groups.
(ii) Absolute poverty can be eradicated with the help of effective anti-poverty programmes.(ii) Relative poverty can not be eradicated completely.
(iii) It exists in developing and underdeveloped countries like India, etc.(iii) It is a universal phenomenon and is found in all countries of the world.
(iv) Absolute poverty indicates the minimum subsistence level of a section of society.(iv) Relative poverty indicates the existence of income inequalities between different income groups.



Discussion

No Comment Found