Explain the concept of absolute poverty.

Explain the concept of absolute poverty.

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 a specific income level or consumption level below which individuals are considered to be living in absolute poverty. This concept focuses on the minimum level of income or consumption required to meet basic human needs and does not take into account relative standards of living or income inequality. Absolute poverty is often used as a benchmark to assess the effectiveness of poverty reduction policies and programs.