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Question

Give the difference between absolute and relative poverty.

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Solution

BASIS ABSOLUTE POVERTY RELATIVE POVERTY

Biological Needs

any person who is not in a position to meet the most basic commodities to sustain life like food, shelter, and clothing is considered to experiencing extreme poverty
relative poverty does not classify biological needs in its definition but focuses on the comparison between other people within the environment.

Income Levels

People who have a considerable amount of income can meet their basic commodities
the income level is highly considered in absolute poverty, but it is not considered under the relative poverty measurement.

Poverty Alleviation Programs

Different international bodies and government of various countries have developed policies and measures to ensure that absolute poverty is eradicated around the world
there are no measures and policies implemented to alleviate relative poverty.

Quality of Life

Here quality of life is better Quality of life is poor
Ability to change can be eradicated cannot be eradicated

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