ABSOLUTE POVERTY VS RELATIVE POVERTY | DEVELOPMENT ECONOMICS | LEARN OIKONOMIA

Описание к видео ABSOLUTE POVERTY VS RELATIVE POVERTY | DEVELOPMENT ECONOMICS | LEARN OIKONOMIA

This video disusses ABSOLUTE POVERTY VS RELATIVE POVERTY
Absolute poverty compares households based on a set income level. And this level varies from country to country depending on its overall economic conditions. Relative poverty is when households receive 50% less than average household incomes.
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