We will make Differences between Absolute Poverty and Relative Poverty.
Differences between Absolute Poverty and Relative Poverty
Following are the differences
|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
|Poor Quality of life
|Better standard of Life
|Better income level
|People in developing are suffering from absolute poverty.
|People in Developed countries face relative poverty.
|It is not possible to eradicate absolute poverty.
|There is a possibility to eradicate relative poverty.
|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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