Poverty is not having a roof over your head and not having anywhere to go. It is being sick and not being able to see a doctor. Poverty is hunger, its living one day at a time.
Absolute Poverty: Absolute poverty measures the number of people living below a certain income threshold or the number of households unable to afford certain basic goods and services.
Relative Poverty: Relative poverty measures all the extent to which a household’s financial resources falls below an average income threshold for the economy. Although living standards and real incomes have grown because of higher employment and sustained economic growth over recent years, the gains in income and wealth have been unevenly distributed across the population.
No comments:
Post a Comment