What is absolute poverty and relative poverty, Business Economics

Assignment Help:

What is absolute poverty and relative poverty?

Absolute poverty:

It is an income level below that essential to meet fundamental requirements. The UN measure of absolute poverty is one dollar per day.

Relative poverty:

It is households receiving less fifty percent of the average. For all the UK families receiving less than £12,000 pa is comparatively poor. The relatively poor do not have entrance to the range of goods and service consumed through average citizens resulting into social exclusion.

Related Discussions:- What is absolute poverty and relative poverty

Elasticity of Demand, Question #1 A baseball team is trying to predict tick...

Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million perso

Ecnomics, Explain the concept of scarcity, and the role it plays in decisio...

Explain the concept of scarcity, and the role it plays in decision making

Is the process inherently difficult when people are included, Persuading so...

Persuading someone to buy is a complicated process. Why is it? Is the process inherently difficult, or is it since so many people are included? Persuading is an affecting skill

Export, Procedure for export under deferred paymet

Procedure for export under deferred paymet

Post - transaction valuation, Please comment on the following statement. Tr...

Please comment on the following statement. True, False, or Uncertain: If an investor believes that the total valuation of a company is higher than the post-transaction valuation fo

Prepare a schedule of budgeted and cash budget, Question: Yamba Home P...

Question: Yamba Home Products is just beginning its fourth quarter, in which peak sales occur. The company has requested a $12,000, 90-day loan from its bank to help meet cash

Marris growth maximisation model, constraints

constraints

Elasticity, why does the quantity of salt demanded tend to be unresponsive ...

why does the quantity of salt demanded tend to be unresponsive to change in its price?

Job Creation, How much power or influence does a U.S. President versus a CE...

How much power or influence does a U.S. President versus a CEO actually have when it comes to job creation or the choice to manufacture company goods in a foreign nation?

Is dependency a problem in less developed countries, Is dependency a proble...

Is dependency a problem in Less Developed Countries? Problem: DCs exploit Less Developed Countries by extracting their surplus value. This value becomes the difference among

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages