Question : The concept of "absolute poverty" is based on:
Option 1: Relative income levels
Option 2: Basic needs and minimum standard of living
Option 3: Social exclusion and discrimination
Option 4: Income distribution and inequality
Correct Answer: Basic needs and minimum standard of living
Solution : The correct answer is b) Basic needs and minimum standard of living.
Absolute poverty refers to a condition where individuals or households lack the basic necessities required for survival and a minimum acceptable standard of living. It is determined by assessing whether individuals have access to essential goods and services such as food, clean water, shelter, healthcare, education, and other fundamental needs.
The concept of absolute poverty helps policymakers and organizations establish targets and measures to alleviate poverty by identifying and addressing the specific needs and deficiencies faced by individuals who fall below the minimum standard of living.
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