What are the different types of poverty?

Economics Poverty Questions



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What are the different types of poverty?

There are generally two main types of poverty: absolute poverty and relative poverty.

1. Absolute poverty: This refers to a condition where individuals or households lack the basic necessities of life, such as food, clean water, shelter, and healthcare. Absolute poverty is often measured by an income threshold, below which individuals are unable to afford these basic needs.

2. Relative poverty: This type of poverty is defined in relation to the overall standard of living in a particular society or community. It refers to a situation where individuals or households have significantly lower income or resources compared to the average or median income of the society they live in. Relative poverty focuses on the disparities and inequalities within a society.

It is important to note that poverty is a complex issue and can have various dimensions, including income poverty, education poverty, health poverty, and social exclusion. These dimensions can further contribute to the different types and manifestations of poverty.