Differences between Absolute Poverty and Relative Poverty

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We will make Differences between Absolute Poverty and Relative Poverty.

Differences between Absolute Poverty and Relative Poverty

Following are the differences

S.NAbsolute Poverty Relative Poverty
1It is a situation in which a person is not able to obtain essential commodities such as food, shelter, and ClothesIt is the situation in which a person is able to obtain at least essentials needs such as food, decent shelter, and clothes
2Poor Quality of lifeBetter standard of Life
3Low-income levelBetter income level
4People in developing are suffering from absolute poverty.People in Developed countries face relative poverty.
5It is not possible to eradicate absolute poverty.There is a possibility to eradicate relative poverty.
6It is measured using the poverty line. It is measured using Gini-Coefficient and Lorenzo Curve.

Hence, these are the differences.

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