ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Absolute poverty
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Relative poverty
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Either A or B
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None of the above
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Detailed explanation-1: -“Absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to social services.”
Detailed explanation-2: -Absolute poverty refers to when a person or household does not have the minimum amount of income needed to meet the minimum living requirements needed over an extended period of time. In other words, they cannot meet their basic needs.
Detailed explanation-3: -Absolute poverty is when household income is below a certain level. This makes it impossible for the person or family to meet basic needs of life including food, shelter, safe drinking water, education, healthcare, etc.
Detailed explanation-4: -Absolute poverty is caused by debt, world population increases, natural disasters, conflicts, and child labor. An example of absolute poverty includes a 12-year-old boy who has never been to see a doctor or attended school.