Question

Mike, a college student, rents a studio apartment. He cannot afford a television and lives on cheap groceries like dried beans and ramen noodles. Since he does not have a regular job, he does not own a car. Mike is living in:
global poverty
absolute poverty
subjective poverty
relative poverty

Answer 1

The correct answer is D. Relative poverty

Explanation:

The word "poverty" refers to a state or situation in which an individual or group does not have enough possessions or income to supply personal needs. Additionally, poverty can be of different types including absolute poverty in which there is a complete lack of income and possession and therefore there is no means to get food, shelter, and other basic items; relative poverty in which the individual cannot get living standards others have according to his/her context although basic needs are more or less meet and subjective poverty in which the needs are met but the person believes he or she is poor. Considering this, in the case of Mike, he is living in Relative Poverty because he does not have enough income to get a television, car or more expensive items but still he has shelter, food, and basic items, which means he cannot get living standards of this context but his needs are still more or less met.