What is difference between Absolute Poverty and Relative Poverty?
Absolute Poverty:Absolute Poverty is when people do not have enough money to meet the basic threshold that is needed for survival. People fall below this line and do not have enough money to buy food, shelter, clothing etc. that is needed for survival.Example: a person unable to fulfil the basic necessities of life
Realtive Poverty:Relative Poverty is when people are poor when compared to others around them, but may still have enough money to survive. It is based on the cultural environment around them, not on a basic amount necessary for all humans to survive.Example: Zambia, Uganda are poorer countries than USA..