x

Absolute vs relative poverty

Absolute vs relative poverty

Side-by-side income distributions showing absolute poverty as a fixed real poverty line and relative poverty as 60% of current median income

Poverty means a person or household lacks enough economic resources for an acceptable standard of living. Economists usually compare equivalised household disposable income, which is income after direct taxes plus cash benefits, adjusted for household size.

4.2.1 Absolute and relative poverty Lesson

  1. A Level
  2. /Economics
  3. /4.2.1 Absolute and relative poverty