Absolute poverty is inability to meet what?
Absolute poverty concerns a minimum level of essential living requirements.
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Open this chapter testGSEB Std 12 Economics (English medium), Chapter 5, printed pages 47–64. Original practice; not official board questions.
Absolute poverty concerns a minimum level of essential living requirements.
Relative poverty concerns disadvantage compared with other people or groups.
A poverty line distinguishes people below and above an adopted minimum-resource threshold.
Poverty is reflected in deprivation of essential services as well as low resources.
Weak productive capacity and earnings can sustain deprivation.
Unequal access to productive assets can limit livelihoods.
Employment provides income and supports sustained livelihood improvement.
Education can strengthen capabilities and access to livelihoods.
Living conditions reveal needs not fully captured by cash income.
Average income can conceal deprivation and unequal access.
Absolute poverty. Failure to meet basic needs is absolute deprivation regardless of neighbours' conditions.
Relative poverty. Relative poverty is disadvantage compared with prevailing social living standards.
Gains may not reach deprived households. Who receives income and gains access to services matters.
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