Explain the difference between the various types of poverty.

Answers will vary .Absolute poverty: A situation where an individual lacks even the basic resources that are necessary for survival; people who live in absolute poverty live without food, clothing, or a roof over their heads.Relative poverty: A situation where an individual or group lacks basic resources for survival when compared with other people in the society as a whole; relative standard of living when measured to others.Transitional poverty: Occurs when a person is living in poverty for a limited period of time; usually results from an event or life circumstance, such as the unexpected loss of employment.Marginal poverty: Occurs when a person lacks stable employment over an extended period of time.Chronic poverty: Occurs when a person is in a state of poverty over an extended period of time and barriers to well-being become cyclical in nature.Intergenerational poverty: Often occurs when children and youth grow up in households experiencing chronic poverty, where limited access to opportunities can start another cycle of poverty for the next generation.