poverty is a condition in which people do not have the means to secure the most basic necessities o...........

Sociology Preliminary Economic System and Society

_______ poverty is a condition in which people do not have the means to secure the most basic necessities of life.

Subjective poverty

Relative poverty

Absolute poverty

Standard poverty

- Absolute poverty:

- Refers to a condition where individuals do not have enough resources to meet the basic necessities like food, clothing, and shelter.

- Defined universally and not dependent on location or societal standards.

- Relative poverty:

- A condition where people are poor in comparison to others within their society.

- Depends on the societal standards and economic conditions.

- Subjective poverty:

- Based on individual or community perceptions and opinions about what is considered poor.

- Relies on self-assessment rather than just economic metrics.

- Standard poverty:

- Not a widely recognized term in poverty measurement.

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