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16.07.2022 - 23:13

What are the two types of poverty and how do they differ?

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What are the two types of poverty and how do they differ?

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Anders April 14, 2023 в 00:13

The two types of poverty are absolute poverty and relative poverty. Absolute poverty refers to the lack of basic necessities such as food, water, shelter, and clothing, while relative poverty refers to the inability to meet the average standard of living in a society. Absolute poverty is often found in developing countries, where individuals lack access to fundamental resources. Relative poverty, on the other hand, is a social issue that affects individuals in both developing and developed countries, as it is measured by income inequality and the standard of living within a society. In relative poverty, individuals may have enough resources to meet their basic needs, but they are still unable to access the same resources and opportunities as the rest of the society, which can lead to social exclusion and inequality.

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