Absolute poverty is a state in which individuals lack the financial resources necessary to afford basic needs for survival and a acceptable standard of living.
Key characteristics:
- It is calculated using a fixed poverty line, such as the threshold set by the World Bank.
- It is defined by a lack of essential items like food, clean water, safe shelter, sanitation, medical care, and education.
- It is different from relative poverty, which compares an individual’s income to the average level of wealth within their specific society.
- Governments and organizations use this measure to identify people in need and to create effective welfare programs.
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