According to the definition of more Absolute poverty, any person who is not in a position to meet the most basic commodities to sustain life like food, shelter, and clothing is considered to experiencing extreme poverty.
They also stereotypically do not have access to clean water, proper housing, sufficient clothing, as well as health-care and medicine.
Certain regions around the world are considered experiencing poverty at significantly higher levels as compared to other regions. This is the case in the developed countries where some people are rich while others can only meet their basic needs and afford to pay for leisure and entertainment activities.
Thus, one can see the difference between the two concepts very clearly.
This is because other individuals within his or her settings are accomplishing greater life achievements while at the same time getting large amounts of income as compared to his or her outcome. In contrast, relative poverty can be measured through the Gini Coefficient and Lorenz Curve.
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Eradication of relative poverty is possible, but it is not in the case of absolute poverty. Understanding the cycle of poverty Statistics worldwide back this conclusion today, people born into poverty are much more likely to remain poor.
It involves the comparison between the living conditions of some groups and those enjoyed by the majority of a population.
First, let us understand absolute poverty. This notion of poverty is still used most frequently in the analysis of poverty worldwide. However, it would have to take into account different living standards between countries.