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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


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

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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