Question

WHAT IS THE DIFFERENCE BETWEEN ABSOLUTE AND RELATIVE POVERTY ...?

Answer 1

Absolute poverty : When you literally don't have any resource to sustain your living ( no food, no home, no clothes)

Relative poverty : when you considered poor in one location, but not so much if you move to another place . Example, earning below 20k per year would be considered poor in USA, but could be considered rich or average in Thailand

Answer 2

Absolute poverty is when you have no home, no money, no food. On the other hand, Realtive poverty is when you have some things, but not sufficient, then you are relatively poor to those who have more than you.