We will make Differences between Absolute Poverty and Relative Poverty.
Differences between Absolute Poverty and Relative Poverty
Following are the differences
| S.N | Absolute Poverty | Relative Poverty |
|---|---|---|
| 1 | It is a situation in which a person is not able to obtain essential commodities such as food, shelter, and Clothes | It is the situation in which a person is able to obtain at least essentials needs such as food, decent shelter, and clothes |
| 2 | Poor Quality of life | Better standard of Life |
| 3 | Low-income level | Better income level |
| 4 | People in developing are suffering from absolute poverty. | People in Developed countries face relative poverty. |
| 5 | It is not possible to eradicate absolute poverty. | There is a possibility to eradicate relative poverty. |
| 6 | It is measured using the poverty line. | It is measured using Gini-Coefficient and Lorenzo Curve. |
Hence, these are the differences.
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