3a. Poverty

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Last updated 2:21 PM on 2/19/24
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4 Terms

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What is meant by: Absolute Poverty?

Absolute poverty is being unable to afford the basic necessities such as food, clean water and shelter.

2
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What is meant by: Absolute Poverty Measure?

The World Bank measures it by looking at the number of people living on less than $2.15 a day.

3
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What is meant by: Relative Poverty?

Relative poverty is defined as earning less than a particular percentage of a country’s average income.

4
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What is meant by: Relative Poverty Measure?

In the UK, a person is in relative poverty if they earn less than 60% of the median UK income.