Question : The concept of "relative poverty" is based on:
Option 1: Basic needs and minimum standard of living
Option 2: Social exclusion and discrimination
Option 3: Income distribution and inequality
Option 4: Human development and capabilities
Correct Answer: Income distribution and inequality
Solution : The correct answer is (c) Income distribution and inequality.
Relative poverty refers to a measure of poverty that takes into account the income disparities and inequality within a society. It compares the income or resources of individuals or households to the average income or resources of the overall population. In this context, individuals or households are considered to be in a state of relative poverty if their income or resources fall significantly below the average or median income in their society.
Unlike absolute poverty, which is based on a fixed threshold or minimum standard of living, relative poverty is concerned with the relative economic position of individuals or households within a specific society or community. It focuses on the disparities and relative disadvantage that individuals may experience due to income inequality.
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