Sunday, 28 April 2013

absolute poverty and relative poverty.

Absolute poverty is A level of poverty that leaves people without the necessities of life such as food, housing or clothing; usually relates to developing countries.

On the other hand, relative poverty refers to the standard that is defined in terms of the society in which an individual lives and therefore differs between countries and over time. The concept of relative poverty is that in a well to do country such as the UK, there are higher minimum standards below which no one anywhere in the world should ever fall and that these standards should rise if and as the country becomes richer.


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