Which among the following terms represents a comparative state of poverty?
A
Absolute poverty
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B
Comparative poverty
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C
Relative poverty
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D
Regional poverty
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Solution
The correct option is C Relative poverty Poverty can be viewed in relative or absolute terms. Absolute poverty is used to describe a condition where an individual does not have the financial means to obtain commodities to sustain life. Relative poverty refers to a poorer standard of living compared to the economic standards of living within the same surroundings.