Economics Poverty Questions
Absolute poverty refers to a condition where individuals or households lack the basic necessities of life, such as food, shelter, and clothing, to meet their basic needs for survival. It is a measure of poverty that is based on an absolute threshold, typically defined by the income level required to afford a minimum standard of living. Absolute poverty is often used to compare poverty levels across different countries or regions, and it provides a clear indicator of the most severe forms of poverty.