Advertisements
Advertisements
Question
Identify and explain the concept from the given illustration:
Dhanajirao is a wealthy landlord, but his annual income is relatively less in comparison to entrepreneur Raobahadur.
Solution
- Identified concept: Relative poverty.
- Explantation of concept: Relative poverty arises due to the difference in the standard of living due to inequality in income.
APPEARS IN
RELATED QUESTIONS
Give economic term:
Poverty judged on the basis of relative standards of living of the people.
Give economic term:
Poverty that can be completely eradicated.
Identify and explain the concept from the given illustration:
Baban's daughter had to be hospitalized due to weakness caused by undernourishment or lack of minimum calorie requirement in the intake of food.
Identify and explain the concept from the given illustration:
In certain parts of the State, starvation-related deaths have been observed whereas in certain areas gross wastage of food has been reported.
State with reasons whether you agree or disagree with the following statement:
Relative poverty is universal by nature.
