Extreme poverty is defined as living on less than $1.90 per day. It implies severe deprivation of basic human needs such as food, safe drinking water, sanitation facilities, health, shelter, education and information.
Imagine trying to buy a single slice of pizza with only a few coins. Now imagine having to use those same few coins to meet all your basic needs for the entire day. That's what living in extreme poverty is like.
Absolute Poverty: This refers to a condition where household income is below necessary level to maintain basic living standards (food, shelter, housing).
Relative Poverty: It refers to economic inequality within the population or society under consideration.
Poverty Line: It is the minimum level of income deemed adequate in a particular country.
Study guides for the entire semester
200k practice questions
Glossary of 50k key terms - memorize important vocab
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.