Question

An absolute definition of poverty is:________a) a relatively fixed level of income above which a person cannot function in a productive and efficient manner in a given society. b) poverty is viewed as relative to the wealth of the rest of society. c) Both A and B Neither A nor B

Answer 1

Answer:

d) Neither A nor B

Explanation:

Poverty refers to a financial state wherein an individual is unable to meet the most basic needs for survival such as food clothing and shelter.

Absolute poverty refers to a state wherein the income of a household is below a certain threshold level which makes it hard to meet the basic necessities of life such as food, shelter, water and sanitation.

The concept of relative poverty makes a comparison i.e relatively to others. When one is relatively poorer than others. The person in such a scenario may be able to meet his ends but relative to other households income, shall be termed as poor.