Asked by Halie kearney on Jun 05, 2024
Verified
The inability to maintain an average standard of living is called
A) absolute poverty.
B) basic poverty.
C) extreme poverty.
D) relative poverty.
Relative Poverty
Not having enough money to maintain an average standard of living.
Standard of Living
Refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographical area.
Absolute Poverty
Not having enough money to afford the basic necessities of life.
- Understand the factors that result in poverty, highlighting education and unemployment rates.
Verified Answer
JS
jamce siyandaJun 09, 2024
Final Answer :
D
Explanation :
Relative poverty refers to the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live. Unlike absolute poverty, which is about survival, relative poverty is about being able to participate in society.
Learning Objectives
- Understand the factors that result in poverty, highlighting education and unemployment rates.