Management Notes

Reference Notes for Management

Absolute Poverty – Meaning, Causes and Examples | Fundamentals of Sociology

Absolute Poverty

Absolute Poverty

Meaning of Absolute Poverty

There is no agreed upon definition of absolute poverty, but it generally refers to a situation in which an individual or family has no assets, cannot afford basic needs, and faces significant challenges in obtaining food, shelter, health care, and other essential services. In the developed world, absolute poverty rates have been in decline for many years due to improvements in economic conditions and social policies that provide assistance to vulnerable individuals and families.An individual who is in absolute poverty cannot meet his or her immediate needs. Their basic needs, such as shelter, water, food, and warmth, are not met. As opposed to relative poverty, where individuals are poor compared to others, this term refers to actual poverty.

Read more