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01 Dec

Relative Poverty

Relative Poverty
Relative poverty concept indicates inequalities of income. The people of low income groups are relatively poor as compared to the people whose incomes are high. Here poverty is viewed in terms of inequality between the poorest group and the rest of the community. It is to be noted that relative poverty cannot be eradicated without transfers from the rich to the poor. At the same time the relatively poor may be living above the minimum subsistence level

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