Question

Which of the following statements accurately describe relative poverty?

1. Relative poverty is typically observed in high-income countries.
2. It describes a situation where people cannot maintain a living standard equivalent to others in their society.
3. Relative poverty is primarily concerned with an absolute lack of basic necessities like food and shelter.

• A. i only
• B. i, iii
• C. ii only
• D. i, ii

Answer 1

Answer:

D. i, ii

• Relative poverty differs significantly from absolute poverty.

• While absolute poverty refers to a severe lack of basic human needs such as food, safe drinking water, and shelter, relative poverty describes a state where individuals or households lack the financial resources to maintain the average standard of living in their society.

• It is more prevalent in developed nations where basic needs are generally met, but significant disparities in wealth and income lead to social exclusion and an inability to participate fully in typical societal activities.