Defining poverty based on annual income is an example of a <u>Absolute </u>measure of poverty.
Absolute poverty is defined as having no consideration for the income or access to goods of other individuals and utilizing a universal baseline. Since they fall short of this standard, they are therefore considered impoverished.
Although extreme poverty and absolute poverty are not the same thing, absolute poverty is frequently mentioned in the context of extreme poverty in developing countries.
The condition of being unable to meet one's basic necessities is referred to as absolute poverty.
International poverty reduction projects frequently identify such fundamental requirements, which typically include food, water, housing, fundamental education, and fundamental healthcare.
Extreme poverty is often described as a condition in which a person does not have access to all of the things required for meeting basic needs.
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