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From course:

Economics A Level (DONEEEEEEE)

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Question:

What is Relative Poverty?

Author: eric_galvao



Answer:

This is where Someone will have a Low Income relative to Other Incomes in their Nation. For example, People with an Income that's 50% less than the Average Income may be seen as Relative Poverty -So someone in Relative Poverty in a Rich Nation may have the same income as someone who is Wealthy in a Poor Nation


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