What are the types of poverty? |
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Ans : There are two types of poverty. They are explained below:
i) Absolute poverty:- Absolute poverty refers to the condition where people cannot meet even basic necessities of life such as food, shelter, clothing, safe drinking water, primary education, health facilities etc. In other words, absolute poverty refers to the situation in which the level of income of the people is below poverty line. Poverty line is the minimum income required to fulfill the basic needs of food, shelter and clothing.
ii)Relative poverty:- Relative poverty is the situation in which a person has enough income to sustain the life but the income and living standard are lower compared to rest of the community. It is unequal distribution of income and economic resources among the individuals of a country.
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