Distinguish among absolute, relative, and subjective poverty

What will be an ideal response?


Absolute poverty is a condition in which people do not have the means to secure the

most basic necessities of life, and it is measured by comparing personal or household

income or expenses with the cost of buying a given quantity of goods and services?

relative poverty exists when people are able to afford basic necessities but are still

unable to maintain an average standard of living, and it is measured by comparing one

person's income with the incomes of others? and subjective poverty is measured by

comparing the actual income against the income earner's expectations and potential.

Sociology

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