What do you meant by relative poverty, Microeconomics

Assignment Help:

Q. What do you meant by Relative Poverty?

Relative Poverty: A measure of poverty based on an individual or family's relative income compared to overall average level of income in economy as a whole. Relative poverty thresholds changes over time with growth in overall income levels. Distinct from absolute measures of poverty, which are defined according to a specified level of real consumption.


Related Discussions:- What do you meant by relative poverty

Cross-price elasticity of demand, Cross-Price Elasticity of Demand is expla...

Cross-Price Elasticity of Demand is explained below: Cross price elasticity of the demand is the percentage change in the quantity demanded of a particular good, with respect t

Implementation of economic policies, IMPLEMENTATION OF ECONOMIC POLICIES: ...

IMPLEMENTATION OF ECONOMIC POLICIES: Innumerable studies are available to  document these failures of policy and planning. However, there are vast differences of opinion conce

Consider an upstream firm in russia that mines iron, Consider an upstream f...

Consider an upstream firm in Russia that mines iron ore at a total cost of $15 q , where q is the number of tons of ore. This upstream firm then ships ore to Germany for processi

Aspects of basic analytical frameworks in modern economics, What are the ba...

What are the basic analytical frameworks of modern economics? The fundamental analytical framework of modern economics: The fundamental analytical framework for an econom

Cobweb model, COBWEB MODEL: Concept of dynamic stability: A market e...

COBWEB MODEL: Concept of dynamic stability: A market equilibrium is said to dynamically stable only when disequilibrium price and quantity move and over time reach to any eq

Why is the goal of stability important to many people, Why is the goal of s...

Why is the goal of stability and security important to many people?  What problems typically emerge during periods of instability? The instability over the business cycle can b

Introduction, How to start Economics Introduction assignment?

How to start Economics Introduction assignment?

Determine the optimal price, The largest public utility company in New Sout...

The largest public utility company in New South Wales (NSW) is the sole provider of electricity across all regions in the state. The monthly demand for electricity in NSW is given

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd