Advertisements
Advertisements
Question
State with reasons whether you agree or disagree with the following statement:
Relative poverty is universal by nature.
Options
Agree
Disagree
Solution
Yes, I agree with this statement.
- Relative poverty is measured with respect to differences in the levels of income, wealth, consumption, etc.
- Low-income group people become poor When compared to high-income group people.
- The difference in income groups, wealth, etc. is found in all countries of the world. Therefore, relative poverty is seen in underdeveloped countries, developing countries as well as developed counties. Thus, relative poverty is universal by nature.
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:
Dhanajirao is a wealthy landlord, but his annual income is relatively less in comparison to entrepreneur Raobahadur.
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.
