Absolute and relative poverty
Absolute and relative poverty
Absolute poverty occurs when a person cannot afford basic necessities needed to sustain life, such as food, shelter and clean water. It is usually assessed against a fixed poverty line representing minimum survival needs.
Step-by-step lessons on AQA A Level Economics 1.7.2 The problem of poverty. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.