Download App

Poverty — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsPoverty3 Marks
Question
Differentiate between absolute poverty and relative poverty.
✓

Answer

Difference between absolute poverty and relative poverty:
S. No.
Basis of Difference
Absolute Poverty
Relative Poverty
i.
Meaning
Absolute poverty means that the person is not able to achieve a minimum level of consumption.
Relative poverty means that a person is poor in comparison of certain other person.
ii.
Prevalent in
This concept is prevalent in less developed countries.
This concept is prevalent in developed countries.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Poverty→Poverty — all question types→Economics STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

How were the industries regulated in India before 1991?
→
For which contribution is P.C. Mahalanobis regarded highly by statisticians and economists all over the world?
→
Distinguish between economic and social infrastructure.
→
Which are the sources of data available on employment in India?
→
How do the following factors contribute to the environmental crisis in India? What problem do they pose for the government?
Rising population.
→
Mention the various indicators of human development.
OR
Mention any three indicators of human development.
→
How did government promote regional equality in industrial development?
→
Explain natural resources.
→
Give a brief note on the National Rural Employment Guarantee Act, 2005.
→
Read the passage given below and answer the following questions from 1 to 3.
The concept of human capital has relatively more importance in labour surplus countries. The surplus-labour in these countries is the human resource available in more abundance than the tangible capital resource. The problem of scarcity of tangible capital in the labour surplus countries can be resolved by accelerating the rate of human capital formation with both private and public investment in the education and health sectors of their national economies. The statistical indicator of estimating human development in each nation is Human Development Index (HDI). It is the combination of the “Life Expectancy Index”, “Education Index” and “Income Index”. Human capital is the backbone of human development and economic development in every nation.
  1. In which countries concept of human capital is more important?
  1. Labour surplus countries
  2. Capital surplus countries
  3. Both a) and b)
  4. None of these
  1. Which of the following statement is correct?
  1. Human capital increase labour productivity, human development helps in making better choice in future.
  2. Human capital helps in making a better choice in future, human development enhances labour productivity.
  3. Human capital formation in end in itself, human development is a mean to an end that is increasing in labour productivity.
  4. None of these
  1. Which of the following is not the part of human development index?
  1. Literacy
  2. Liberty
  3. Health
  4. Income
→